New Delhi (NVI): The Union Cabinet, headed by Prime Minister Narendra Modi, today approved far reaching reforms in the Space sector aimed at boosting private sector participation in the entire range of space activities.
Private sectors will participate in the entire range of space activities, including planetary exploration missions, Union Minister Jitendra Singh said.
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.
PM Narendra Modi also tweeted in this regard and stated, “The reform trajectory continues. The Union Cabinet’s approval to reforms in the space sector is yet another step towards making our nation self-reliant and technologically advanced. The reforms will boost private sector participation as well.”
The reform trajectory continues.
The Union Cabinet’s approval to reforms in the space sector is yet another step towards making our nation self-reliant and technologically advanced. The reforms will boost private sector participation as well. https://t.co/oqYZFt3Pr4
— Narendra Modi (@narendramodi) June 24, 2020
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, a statement from Prime Minister’s Office stated.
Furthermore, 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.
In addition to this, 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, the statement added.