Indian Space Policy 2023

April 11, 2023

The Indian government recently approved the Indian Space Policy 2023, with the aim of institutionalizing and facilitating private sector participation in the Indian space sector. The policy’s approval by the Cabinet Committee, helmed by Prime Minister Narendra Modi, is a significant step towards transforming India into a major space power.

ISRO’s Focus on R&D of Advanced Space Technologies

Under the new policy, the Indian Space Research Organisation (ISRO) will focus on research and development of advanced space technologies. The private players’ participation in the space sector is crucial to increase India’s current share of less than two per cent in the global space economy to 10 per cent in the future.

NSIL’s Role in Carrying Out Strategic Activities

New Space India Limited (NSIL) will carry out strategic activities related to the space sector. NSIL will work in a demand-driven mode, according to Union Minister Jitendra Singh. This means that private players will have access to end-to-end space activities, including building rockets, satellites, launch vehicles, data collection, and dissemination.

In-Space as the Interface between ISRO and Private Sector Enterprises

Indian National Space Promotion and Authorization Centre (In-Space) serves as a liaison between ISRO and private sector enterprises. In-Space will enable private players to participate in the space sector by offering a simplified regulatory environment for private entities’ operations. The policy’s approval is expected to pave the way for the Indian space sector’s privatization and contribute to the country’s economic growth.

The Rise of Private Sector Companies in India’s Space Industry

Over 100 active space companies have been operating in India since 2012, according to the Economic Survey of India. Private sector companies like SpaceX, led by Elon Musk, have become a popular choice for space missions around the world. The Indian government’s approval of the Indian Space Policy 2023 is expected to encourage more private sector companies to enter the space sector.

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