While inaugurating the headquarters of the Indian National Space Promotion and Authorisation Centre (IN-SPACe) at Ahmedabad's Bopal, Prime Minister Narendra Modi on Friday said that 60 private companies have started exploring avenues in the space industry, while some have already started designing and manufacturing satellite launch vehicles, space applications, PSLV rocket launchers etc.

"IN-SPACe is a new platform launched with the motto to facilitate the private sector in the space programme. Once private sector players join hands with ISRO scientists, such joint ventures will make India proud in the global market," the PM remarked.