Indian Space Sector Unaffected by Tariff War: IN-SPACe’s Goenka
The ongoing tariff war between India and other countries has been a topic of concern for many industries, but India’s space sector seems to be immune to its effects. According to IN-SPACe Chairman Pawan Kumar Goenka, the sector is not expected to be affected by the global tariff fluctuations.
In an interview with Moneycontrol, Goenka emphasized that India is not imposing large tariffs in the space sector, and as a result, the industry does not have to worry about the tariff war. He also added that if the tariffs are reciprocal and one-to-one, then the space sector can operate without any concerns.
The space sector has been gaining momentum in India in recent years, with the government’s efforts to promote private participation and innovation. The establishment of IN-SPACe, a public-private partnership between the government and industry stakeholders, has been a significant step in this direction.
IN-SPACe is responsible for promoting the growth of the space sector in India and providing a platform for stakeholders to collaborate and innovate. The organization has been working closely with the government to create a conducive environment for the space industry to thrive.
Despite the challenges posed by the tariff war, Goenka remains optimistic about the future of the Indian space sector. He believes that the sector is well-positioned to continue its growth trajectory, driven by the increasing demand for space-based services and the growing participation of private players.
One of the key areas where the space sector is expected to see significant growth is in the domain of satellite-based applications. With the increasing demand for satellite-based services such as navigation, communication, and earth observation, the sector is expected to see a significant increase in the number of satellites being launched.
The government has also been actively promoting the development of the space sector by providing funding and resources to startups and entrepreneurs. The launch of the Indian Space Association (ISpA) has been a significant step in this direction, providing a platform for private players to collaborate and innovate.
The space sector has also been playing a significant role in the country’s economic growth, with the sector contributing significantly to the country’s GDP. The sector has also been creating employment opportunities, with the number of people employed in the sector expected to increase significantly in the coming years.
In addition to the economic benefits, the space sector has also been playing a significant role in the country’s social development. The sector has been used to provide critical services such as disaster management, healthcare, and education, and has been instrumental in improving the lives of people in remote and inaccessible areas.
In conclusion, while the tariff war may be affecting other industries, the Indian space sector seems to be unaffected. With the government’s support and the growing participation of private players, the sector is expected to continue its growth trajectory, driven by the increasing demand for space-based services and the growing use of space technology to improve the lives of people.
