ISRO Chairman S. Somanath Calls for India’s ‘Leading’ Space Firms

• S. Somanath, Chairman of ISRO, emphasizes the need for India to create leading space companies.
• He suggests significant government support is needed to increase India’s contribution to the global space economy from 2% to 10%.
• Somanath highlighted the need for new players, young talent, and a thriving startup ecosystem to realize ISRO’s vision.
• He noted that insufficient “demand” for private companies to invest in India’s space sector is a major challenge.