NEW DELHI. Prime Minister Narendra Modi announced that the government is moving towards opening the nuclear sector to private participation, marking a major reform aimed at strengthening India’s energy security and technological leadership. Citing the rapid rise of private players in the space sector as an example, he said the scope of reforms continues to expand. Speaking after inaugurating Skyroot’s Infinity Campus in Hyderabad via video conferencing from New Delhi, the Prime Minister noted that greater private sector involvement will create new opportunities in small modular reactors, advanced reactors, and nuclear innovation.
Highlighting the transformation of India’s space ecosystem, Mr. Modi said the sector has become an attractive destination for global investors due to the government’s historic policy reforms. He emphasised that opening the space domain for private innovation has enabled startups and industries to work closely with the scientific community. With the global space economy poised for multi-fold growth, he said India’s youth will gain access to unprecedented opportunities. The Prime Minister also noted that over 300 space startups have emerged in the past six to seven years, powering India’s innovation-driven future. On the occasion, he unveiled Skyroot’s first orbital rocket, Vikram-I, designed to launch satellites into orbit.
