The Indian Space Policy 2023 is a comprehensive framework that outlines the roles and responsibilities of various entities within the Indian space sector . It aims to boost private sector participation, increase investments, and promote a self-reliant space industry in India .
Key Objectives and Features:
- Increased Private Sector Participation: The policy encourages private companies to engage in end-to-end space activities, including building satellites, rockets, and launch vehicles, as well as data collection and dissemination . It allows private players to use ISRO facilities for a small charge and encourages investment in creating new infrastructure for the space sector .
- Clear Roles for Key Entities: The policy clearly defines the roles of ISRO, NewSpace India Limited (NSIL), and the Indian National Space Promotion and Authorization Center (IN-SPACe) .
- ISRO will focus on research and development of advanced space technologies, new systems, and R&D .
- NSIL will handle the operational aspects of ISRO’s missions and work in a demand-driven mode to meet the needs of the industry. It is also responsible for strategic activities in the space sector, with the goal of increasing private industry participation and creating a self-reliant space industry .
- IN-SPACe serves as the interface between ISRO and non-governmental entities .
- Foreign Direct Investment (FDI): The government has eased investment norms, allowing up to 100% Foreign Direct Investment (FDI) in the space sector to attract wider participation of foreign investors .
- Boosting the Space Economy: The policy aims to increase India’s share in the global space economy from less than 2% to 10% .
- Future Goals: India plans to establish a space station by 2035 and send a human to the Moon by 2040 .
In summary, the Indian Space Policy 2023 is designed to unlock India’s potential in the space sector by encouraging private sector involvement, clarifying the roles of key organizations, and promoting investment and innovation . The policy envisions a significant increase in India’s share of the global space economy and sets ambitious goals for future space exploration .for space technology click www.eminentnews.com
