All space activities opened up to private sector

KT NEWS SERVICE. Dated: 6/25/2020 12:24:55 AM

NEW DELHI, Jun 24: The Union Cabinet on Wednesday cleared the far-reaching reforms in the space sector declared as part of the economic reforms by Finance Minister Nirmala Sitharaman to allow the private sector to participate in the entire range of the space activities, including the planetary exploration missions.
It ends the monopoly of the Indian Space Research Organisation (ISRO), which will henceforth focus on research and development and human spaceflight programme while the private sector will be involved in use of the space assets developed by ISRO, through the public sector New Space India Limited (NSIL), disclosed I&B Minister Prakash Javadekar at the media briefing of the Cabinet decisions.
He said the newly created Indian National Space Promotion and Authorization Centre (IN-SPACe) will provide a level playing field for private companies to use Indian space infrastructure. It will also hand-hold, promote and guide the private industries in space activities through encouraging policies and a friendly regulatory environment.
Javadekar said space sector can play a major catalytic role in the technological advancement and expansion of the Industrial base. The proposed reforms will enhance the socio-economic use of space assets and activities, including through improved access to space assets, data and facilities.
He said the decisions taken by the Cabinet are in line with the long-term vision of the Prime Minister of transforming India and making the country self-reliant and technologically advanced.
India is among a handful of countries with advanced capabilities in the space sector that was so far limited only to the public sector. With these reforms, the sector will receive new energy and dynamism, to help the country leapfrog to the next stages of space activities, Javadekar underlined.
He said it will not only result in an accelerated growth of the sector, but will also enable the Indian Industry to be an important player in global space economy. With this, there is an opportunity for large-scale employment in the technology sector and India becoming a Global technology powerhouse, he added.

 

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