(Reuters) – India appointed rocket scientist V. Narayanan as the new head of the Indian Space Research Organisation (ISRO), the government said on Tuesday, a key role as India works to become a space superpower.
Narayanan takes over from S. Somanath, who became chairman in 2022 and has been credited with making the 54-year-old space agency more approachable and opening it up to engage with the next generation.
Narayanan did not immediately respond to a request for comment.
The $400 billion global commercial space market is expected to be worth $1 trillion by 2030. India wants to expand its share in the global space market and grab a $40 billion slice of the pie by 2040, the federal government has said.
(Reporting by Nivedita Bhattacharjee and Kanjyik Ghosh; Editing by Gerry Doyle)
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