G20 Space Economy Leaders Meeting 2023
G20 Space Economy Leaders Meeting: G20 Space Economy Leaders Meeting 2023 is being organized as part of India’s G20 presidency. G20 Space Economy Leaders Meeting 2023 is also important for UPSC Prelims Exam 2023 and UPSC Mains Exam (GS Paper 3- Science and Technology).
Recently, Dr. Jitendra Singh, the Union Minister of State for Science and Technology addressed the opening session of the G20 Space Economy Leaders Meeting. At G20 Space Economy Leaders Meeting 2023, he emphasized that India is on its way to becoming a significant player in the space economy.
The Department of Space, a division of the Government of India, is hosting the G20 Space Economy Leaders Meeting as part of India’s G20 presidency.
India has developed end-to-end capabilities in the space sector, placing it among a select group of countries. Space technology has now permeated every aspect of life, leading to a significant demand for space-based services with enormous commercial potential.
To promote and authorize private industry participation, the Indian National Space Promotion and Authorization Center (IN-SPACe) has been established as a nodal entity.
G20 Presidency: India assumed, for the first time, the Group of 20 (G20) year-long presidency from December 1, 2022 to November 30, 2023. India’s G20 Presidency will culminate with the G20 Summit in India in 2023 (G20 2023 Summit).
G20 Summit 2023: G20 Member Countries, Foundation
The G20 Space Economy Leaders Meeting is a summit that brings together leaders in the space sector from the G20 nations to discuss collaborative efforts and strategies to promote space-related activities.
The Department of Space, a division of the Government of India, is hosting the G20 Space Economy Leaders Meeting as part of India's G20 presidency.
The primary objective of the G20 Space Economy Leaders Meeting is to establish space as a formal topic for discussion in future G20 meetings and to promote collective and collaborative efforts among nations to advance the space sector.
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