Govt ‘unlocks’ space sector, says will promote and guide private players | Latest News India - Hindustan Times
close_game
close_game

Govt ‘unlocks’ space sector, says will promote and guide private players

Hindustan Times, New Delhi | Byhindustantimes.com | Edited by Ashutosh Tripathi
Jun 24, 2020 04:41 PM IST

The government underscored that it also hand-hold, promote and guide the private industries in space activities.

The Union cabinet on Wednesday approved the creation of Indian National Space promotion and Authorization Centre (IN-SPACE) to provide level playing field for private companies to use space infrastructure, in a decision which it calls “historic”.

The Indian Space Research Organisation (ISRO) will continue to play its role, the government emphasised, adding that the new organization will supplement it. (Photo ANI)
The Indian Space Research Organisation (ISRO) will continue to play its role, the government emphasised, adding that the new organization will supplement it. (Photo ANI)

The decision taken is in line with the long-term vision of Prime Minister Narendra Modi of transforming India and making the country self-reliant and technologically advanced.

Hindustan Times - your fastest source for breaking news! Read now.

The Indian Space Research Organisation (ISRO) will continue to play its role, the government emphasised, adding that the new organization will supplement it.

“It’ll guide the private industries in space activities through encouraging policies in a friendly regulatory environment,” said Jitendra Singh, minister of state for atomic energy & space.

The Public Sector Enterprise ‘New Space India Limited (NSIL)’ will endeavour to re-orient space activities from a ‘supply driven’ model to a ‘demand driven’ model, thereby ensuring optimum utilisation of space assets.

The minister added that the move will “unlock India’s potential in space sector”.

The government underscored that it will also hand-hold, promote and guide the private industries in space activities.

These reforms, the government anticipates, 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, the government added.

India is among a handful of countries with advanced capabilities in the space sector. With these reforms, the government hopes the sector will receive new energy and dynamism, to help the country leapfrog to the next stages of space activities.

The government is of the view that the space sector can play a major catalytic role in the technological advancement and expansion of the country’s industrial base. The proposed reforms will enhance the socio-economic use of space assets and activities, including through improved access to space assets, data and facilities.

Unveiling Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!

Get Current Updates on India News, Election 2024, Arvind Kejriwal News Live, Bihar Board 10th Result 2024 Live along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On