The decision will accelerate growth of the space sector and enable Indian Industry to be an important player in global space economy. It will also generate large-scale employment in the sector.
Union Cabinet chaired by Prime Minister Shri Narendra Modi on June 24, approved far reaching reforms in the Space sector aimed at boosting private sector participation in the entire range of space activities. A press release from the PMO said that the decision taken was 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. With these reforms, the sector will receive new energy and dynamism, to help the country leapfrog to the next stages of space activities. As of today, government owned ISRO is the only organisation in India that involves in space activities. However, ISRO has many sub-contractors in the private sector manufacturing few parts for its projects but none are involved in space activities per se.
The involvement of private sector will not only result in an accelerated growth of the space sector but will enable 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.
In order to open up the private sector’s participation in space activities as envisioned by the government, the setting up of a new space board called Indian National Space Promotion and Authorisation Centre (IN-SPACe) has also been approved.
Announcing the decision, Union minister Prakash Javadekar said, “India has excelled in the space sector and built up good space assets. Now, the Modi government has decided to open up space assets for all.” With these reforms, the sector will receive new energy and dynamism to help the country leapfrog to the next stages of space activities.
IN-SPACe will be the nodal agency which will handle the private sector participation in space activities in India.
Benefits Private Sector in Space
Space sector can play a major catalytic role in the technological advancement and expansion of our 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.
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.
The Public Sector Enterprise ‘New Space India Limited (NSIL)’ will endeavour to re-orient space activities from a ‘supply driven’ model to a ‘demand driven’ model, thereby ensuring optimum utilization of our space assets.
These reforms will allow ISRO to focus more on research and development activities, new technologies, exploration missions and human spaceflight programme. Some of the planetary exploration missions will also be opened up to private sector through an ‘announcement of opportunity’ mechanism.