Quotes on formation of the new Union Government

Lt. Gen. AK Bhatt (Retd.)

“What happened in 2020 with the radical step by the government to enable private players participation in space industry was a steppingstone to embark upon India’s historic journey towards boosting the space economy. With the new government, the private industry in India is yet again excited with the prospects that the future holds for us as it will give a unique leverage to Indian startups and companies to innovate and excel in the emerging landscape of space.

For the formation of a strong bedrock for India’s thriving space industry, initiatives like the new Space Policy, the setting up of IN-SPACe, and reforms like new FDI regulations have already given much needed kickstart to the industry. We really look forward to the continuity of policy reforms and further momentum towards ironing the remaining bottlenecks to enable the private space industry to take on more responsibility in building and supporting India’s contribution to the global space economy.”

Lt. Gen. AK Bhatt (retd.), Director General, Indian Space Association (ISpA)

Lt. Gen. Dr. S.P. Kochhar, Director General, COAI

“COAI welcomes the formation of the new government which will steer the next phase of growth and strengthen the continuity in policy and reforms. The previous government was instrumental in implementing critical structural reforms for the telecom Industry, a lifeline for the digital economy to function and grow. We look forward to working with the new government, alongside all our stakeholders, to fulfil our nation’s aspirations and work towards building a digital society that will pave the way for a developed Bharat.”

Lt. Gen. Dr. S.P. Kochhar, DG, COAI

Archana Jahagirdhar, Managing Partner, Rukam Capital

“The startup ecosystem in India has really witnessed tremendous growth in recent years led by factors like the burgeoning youth population, tech-savvy talent pool, access to capital and initiatives fostering entrepreneurship. We are confident that the new government will come up with progressive policies and initiatives to empower this flourishing ecosystem and bring India at par with the global ecosystem. As we look ahead, we are excited about the industry’s partnership with the government to build a robust, dynamic, and inclusive entrepreneurial landscape that will help drive India towards unprecedented heights of success.”

Archana Jahagirdar, Founder & Managing Partner, Rukam Capital