Opening of Nuclear Sector to Private Companies
Prime Minister has announced the opening of the nuclear sector to private companies, following the model of the space industry. He emphasized the potential for private sector involvement in small modular reactors, advanced reactors, and nuclear innovation.
Benefits of Reform
- This reform aims to bolster India's energy security and technological leadership.
- It is expected to create new opportunities for private enterprises in the nuclear field.
Achievements in the Space Sector
There is enthusiastic response of young Indians, particularly Gen Z, to opportunities in the space sector.
Growth of Space Startups
- Over 300 space startups have emerged in India, showcasing significant innovation.
- These startups often begin with small teams but have made impactful contributions.
Global Impact and Investment
- India's space sector is becoming a prime destination for global investors.
- The global space economy is expected to expand, presenting opportunities for Indian youth.
- India’s space capabilities are seen as cost-effective and reliable.
Future Prospects
- India plans to enhance its launch capacities significantly in the coming years.
- The emergence of five new unicorns from the space sector is anticipated.
India's Startup Ecosystem
India has become the world’s third-largest startup ecosystem, with startups emerging from even the smallest towns and villages.
Statistics and Growth
- There are over 150,000 registered startups in India.
- Many startups have reached unicorn status, valued at over a billion dollars.
Focus on Deep-Tech and Manufacturing
- India is progressing in fields like semiconductor fabrication, chip manufacturing, and design hubs.
- The aim is to establish a robust electronics value chain.
