Hyderabad, Oct 24 : Union Minister Dr Jitendra Singh today visited the “Skyroot” startUp private rocket unit here.
According to a press note, during his visit, Dr Singh said that “unshackling” of the Space sector by Prime Minister Narendra Modi has led to StartUp boom, as a result of which, within a short span of just about four years, the number of Space StarUps has gone up from a mere single digit to over 150, with some of the earlier ones like the “Skyroot” turning into lucrative entrepreneur. During a visit to the newly setup facility of Skyroot here in a premises of 60,000 Square Feet which is possibly India’s largest Rocket factory in private sector, Dr Jitendra Singh said, Skyroot is not only example of India’s superlative talent and scientific acumen but it also has message for all of us that a huge potential was lying dormant for several decades before Prime Minister Narendra Modi came and broke the taboos of the past and opened India’s Space Sector for Public Private Partnership (PPP). “Skyroot Aerospace” was the first Space StartUp to have launched a private rocket from ISRO station at Sriharikota after the Space sector was thrown open to private players over three years ago. Headed by two IITians , Pawan and Bharat, they have now set up India’s largest Rocket developing facility with updated technology. It has capacity to develop cost effective rocket, on demands.