Space sector offers great opportunity for private sector, MD Antrix

ISROThe Managing Director of the commercial arm of ISRO, Antrix Corporation Ltd Mr. KR Sridhara Murthy has outlined the opportunities that the space sector offers to private companies in India at the World Space-Biz 2010.

The space sector in the country is expected to grow at 15 per cent offering a huge potential for the private sector and the country could emerge as the affordable base for space technology.

''The Indian government's space budget of Rs 5,778 crore for 2010 has increased by an estimated 22 per cent for the current fiscal amounting to 0.14 per cent of GDP. From 2003 to 2010, funding has increased 144 per cent from Rs 2,368 crore in 2003,” said Mr. Murthy.

The four day event is being held in Bengaluru and is the biggest space event in the country. The event has been organized by the Confederation of Indian Industry along with Indian Space Research Organisation and Antirx Corporation.

The World Space-Biz 2010 which is described as one involving very intensive deliberation and totally dedicated to the space sector was held on Friday at the Benagluru Space Expo.

Hindustan Aeronautics Limited, Larsen & Toubro, EADS Astrium, Glonass-Russia, Dish TV, Godrej & Boyce, BrahMos, MEASAT, SES World Skies, Asia Broadcast Satellite and Devas Media are among the major participants in the exhibition.

“The conference has brought great awareness for the various developing space programmes of India. It has provided a platform for Indian space industry to highlight its space programmes globally,” he added.

The Exhibition offers a platform for players in the international space sector is discuss issues such as access to space and commercialization, space adventure and exploration, and risk management with a focus on the Asia pacific region. The vendors showcase the latest technological advancements, related products and technical services.