Looking to India as a ''great'' up and coming space-faring nation, the US said its newly announced space policy attached ''vital'' importance to enhance cooperation with that country.
India has recently demanded that ISRO be removed from the entities list that poses a major hurdle in the space co-operation between the two countries.
The new policy is designed to strengthen US' leadership in space and putting emphasis on greater cooperation with India in this field.
"We see that there's great potential there and we would love nothing more to continue to build upon the great foundation we have with India and expand that cooperation," Marquez said.
Marquez said US President Barack Obama has discussed with the Prime Minister Manmohan Singh on issues related to space cooperation between the two countries.
"I think we're in the early stages right now, but we look very much forward to beginning a dialogue with India and other emerging space nations," the official told reporters.
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In a statement after the White House unveiled the basic contours of the new space policy, Obama said, "This policy is about the boundless possibilities of the future."