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(The Gist of PIB) Historic reforms initiated in the Space sector

[July-2020]

It aimed at boosting private sector participation in the entire range of space activities.
The sector will receive new energy and dynamism, to help the country leapfrog to the next stages of space activities.
This will not only result in an accelerated growth of this sector but will enable Indian Industry to be an important player in global space economy.
There is an opportunity for large-scale employment in the technology sector and India becoming a Global technology powerhouse.

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 reorient 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.