India’s space sector has become magnet for global investors: PM Modi
New Delhi: As India marked National Space Day on Sunday, Prime Minister Narendra Modi extended greetings and said that the country’s global rise in the space sector, especially in the private space sector, has made it a “magnet” for investors.
He also praised Gen Z for building new technologies.
Sharing a video of his speeches, PM Modi said, “I said in Ayodhya that this is the beginning of a new cycle of change. In this new cycle, India is steadily expanding its space presence in the global order, and this is clearly reflected in our space program.”
“Together, we have resolved to make India a developed nation by 2047, and the space sector plays a vital role in achieving this goal,” he said in the video.
He also hailed the private space sector of the country and said, “India’s private space talent is making its own identity in the world. Today, India’s space sector has become a magnet for global investors.”
Praising the youth of the nation, the Prime Minister said, “Today, these Gen Z engineers, designers, coders and scientists are building new technologies. Be it propulsion systems, composite materials, rocket stages or satellite platforms, India’s youth is working in areas that were not even imagined some time ago.”
He said that ISRO is inspiring India’s next generation of scientists.
“Seeing the success of ISRO, many children think that when they grow up, they too will become scientists,” PM Modi added.
National Space Day is celebrated in India on August 23. The day marks the historic soft landing of the Chandrayaan-3 Vikram lander near the Moon’s south pole in 2023, making India the first nation to reach that region of the Moon. The achievement became a defining milestone in the country’s space programme and demonstrated the growing strength of India’s scientific and technological capabilities.
As India observes National Space Day 2026, ISRO Chairman and Secretary of the Department of Space Dr V Narayanan has called for greater innovation, collaboration and ambition as the country works towards becoming a global leader in space.
The 2026 celebrations are being held under the theme, “Towards Viksit Bharat: Innovating, Collaborating and Aspiring to Global Space Leadership.” The theme reflects India’s ambition to strengthen its scientific and technological capabilities while encouraging innovation, partnerships and greater participation in the global space ecosystem.
In his National Space Day 2026 message, Dr V Narayanan emphasised the importance of continuing to push the boundaries of science and technology while building partnerships that can strengthen India’s space ecosystem.