Space minister Jitendra Singh said a new organization named Indian National Space Promotion and Authorization Center (In-SPACe) has been floated to guide private enterprise participation in space activities and the use of country’s space infrastructure. He added that the reform will allow Isro to focus more on research and development activities and also help in preventing the brain drain of Indian talent while enhancing the socio economic use of space assets and activities including approved access to existing space assets at facilities.
Indian Space Research Organization (ISRO) chairman K Sivan has welcomed the government’s decision to open up the space sector for private players.
“We are very excited with these reforms and confident that our innovative youth come forward to avail all the opportunities arising from these reforms. Several start-ups have already come forward and we are assured that India will emerge as a major hub for global space economy,” Sivan said at a digital press conference on Thursday.
“I invite whole-heartedly the private players to come forward and carry out the space activities and make India a global technology powerhouse,” he added.