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

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



Historic reforms initiated in the Space sector

  • Union Cabinet approved far reaching reforms in the Space sector.

Major objectives:

  • 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.

Key highlights:

  • 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.



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Courtesy: PIB