The Indian space sector needs to be developed to provide business opportunities for private players and changes are required in the Indian space programme by keeping in mind the needs of future generations, S Somanath, who was appointed as ISRO chairman, said on Wednesday.
Mr Somanath, who is presently the Director of Vikram Sarabhai Space Centre (VSSC), was appointed as Secretary of the Department of Space and the Chairman of the Space Commission which makes him the head of the Indian Space Research Organisation (ISRO).
Speaking to reporters here about his views about the future direction of the space programme/sector of the country, he said that just like private players have entered this field the world over, similar changes are required in India too and that is the "main agenda".
He said presently the Indian space programme is confined to ISRO, but the government now wants new people to come into this sector.
"It can be private players or big industries. We need to develop our space sector as a business opportunity for them and as a part of our economy. This is the target and it is a big responsibility," he said.
For this the space budget should increase from the present Rs 15,000-16,000 crore, which is just a small percentage of the country's economy, to more than Rs 20,000-50,000 crore, he said.
"But the increase in the space budget cannot be by government funding or support alone. Just like the changes which happened in the telecom and air travel sectors, the same should happen here too. With that there can be more job opportunities and an increase in research and development," Mr Somanath said.
However, this would not mean privatisation of ISRO, like BSNL and Air India are being privatised, he clarified.
He said BSNL and Air India were service oriented, while ISRO was also core technology oriented and therefore, it cannot be privatised as it researches and develops technology.
Mr Somanath also said that he does not believe that the Indian space programme or ISRO should move forward as it exists now, without any changes.
He said that changes are required keeping in view the future and the needs of the coming generations.
"We need to align ourselves accordingly, We need to create new legacies," he added.
As news of his appointment spread, Kerala Chief Minister Pinarayi Vijayan extended his congratulations to Somanath.
The CM in a Facebook post said it was a proud moment for Kerala since a Malayalee has been elevated to the head of ISRO and wished Somanath all the best.
Somanath's new appointment is for a combined tenure of three years from the date of joining of the post, inclusive of an extension in tenure beyond the age of superannuation in public interest, a Personnel Ministry order said.
He will succeed K Sivan, who completes his extended tenure on January 14.
Exclusive: ISRO Chief Explains What India Plans To Achieve With Chandrayaan-4 "There Were Lots Of Attempts...": ISRO Chief To NDTV On Cyber Fraud ISRO Chief Gives Update On Chandrayaan 4,5 Design, Satellites Launches UP Dalit Woman's Body Found In Sack, Family Says Killed For Backing BJP UP Polls: BJP Flags Burqa Voters, Samajwadi Party Says Cops Can't Check ID Savage Attack On Andhra Pradesh College Student, Attackers Bit His Cheek Workers Of Sharad Pawar's NCP Stop Chhagan Bhujbal From Entering Booth Screams, Eerie Laughter: North Korea's New Weapons Against South Korea Know The Qualification Of Linda McMahon, New US Education Secretary Track Latest News Live on NDTV.com and get news updates from India and around the world.