New Delhi, June 16 -- IN-SPACe Chairman Pawan Goenka on Monday said private space companies in India are making strong progress and noted that the success of SpaceX's IPO would encourage greater participation in India's private space sector.

Speaking to ANI on the sidelines of the India Space Congress, Goenka said Indian private space firms are contributing technology and resources to the country's growing space ecosystem.

"The companies are providing technology, bringing a lot of resources, and doing very well," he said.

Highlighting the role of the government in supporting the sector, Goenka said policy reforms and financial support have helped create a favourable environment for private participation.

"The government has opened up ...