Dr. Jitendra Singh, Showcases India’s Space Sector Boom Under PM Modi; Predicts $44 Billion Growth and Rising Global Leadership
Guests of Honour included Former Union Minister Rajeev Chandrashekhar and Lieutenant General K. T. Parnaik, Governor – Arunachal Pradesh
New Delhi [India], March 04: Times Network Digital hosted the inaugural ETNOW.in Business Conclave & Awards 2025, bringing together industry leaders to explore key sectors shaping India’s path to Viksit Bharat. Aligned with ET NOW’s ‘Rise with India’ ethos, the conclave served as a strategic platform to drive India’s economic transformation and accelerate its ambition of becoming a $5 trillion economy by 2030.
Delivering the Keynote address at the ETNOW.in Business Conclave & Awards 2025, Dr. Jitendra Singh, Union MoS (Ind. Charge) for Science & Technology; Earth Sciences, MoS PMO, PP/ DoPT, Atomic Energy, and Space said
“India’s space sector has seen a quantum leap under Prime Minister Narendra Modi’s leadership, unlocking opportunities for private players. In just months of opening the sector, we attracted over ₹1,000 crore in investments, with our space economy poised to grow fivefold to $44 billion in the coming decade. Missions like Gaganyaan and applications in border security showcase India’s self-reliance, proving that the world now looks to us as a leader in space technology.”
Former Union Minister and tech investor Rajeev Chandrasekhar addressed the change in policy frameworks necessary to position India as a leader in artificial intelligence and digital technology. He said:
“The IT Act, which regulates technology in India, is 25 years old. It needs to be replaced with something modern and contemporary. The IT Act doesn’t even mention the Internet, let alone AI—two of the biggest forces shaping the digital economy today. This debate has been ongoing within the government, and the hope is that the current administration moves forward with either an omnibus law or a set of laws addressing critical issues like safety, harm, and misinformation. The key question is whether one comprehensive law or multiple specialized ones would be more effective.”
He further added:
“A new law should be clear, precise, and entrepreneur-first. Adding more regulatory layers only creates unnecessary bureaucratic hurdles for innovators. Instead, the focus should be on setting clear principles and guardrails, with the court and appeal systems providing necessary oversight. Creating another regulatory institution that forces young innovators to navigate bureaucratic red tape is not the right approach. The legal framework should empower entrepreneurship, foster innovation, and ensure AI and digital technologies contribute to progress without unnecessary restrictions.”
Governor of Arunachal Pradesh, Lt. Gen. K. T. Parnaik (Retd.), outlined how strong border security, innovation, and infrastructure development play a key role in India’s journey towards Viksit Bharat. He stated:
“In Northern Command, we faced continuous challenges from Pakistan and China, implementing strategies like quid pro quo to counter intrusions effectively. In Kashmir, we tackled radicalization through perception management, shifting public sentiment in our favour.”
On Arunachal Pradesh’s economic and infrastructural development, he added:
“Arunachal is a land of immense potential, with rich biodiversity, strong cultural roots, and a hydroelectric capacity of 58,000 MW. We are strengthening infrastructure, implementing land reforms, and attracting investments. With three international borders, security remains a priority, requiring regular engagement with military and civil authorities to address challenges, including Chinese aggression and Myanmar insurgents.”
The discussions culminated in the felicitation of winners across categories, determined through a rigorous nationwide submission and evaluation process conducted by Tenfold. The ETNOW.in Business Conclave & Awards 2025 honoured industry leaders and innovators across diverse categories.
The successful event underscored how national security, innovation, economic reforms, and self-reliance form the pillars of India’s journey towards Viksit Bharat.
