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Private companies’ participation in the space sector will increase, industry-based policies will start, announced ISRO chief

The ISRO chief has given this information while addressing the inaugural session of a symposium of ‘Dubai Expo 2000’ through video conferencing

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Picture shared by ISRO [Twitter]
Picture shared by ISRO [Twitter]

Indian Space Research Organization (ISRO) Chairman Dr. K Sivan has said that India will amend its existing policies and prepare a new policy to increase private participation in the space sector. According to a leading daily report, Dr. K Sivan has said on Sunday that we are going to start industry-based policies.

The ISRO chief has given this information while addressing the inaugural session of a symposium of ‘Dubai Expo 2000’ through video conferencing. In his address, he said that Indian companies have to play a bigger role in the space industry at the global level. The recent policy reforms in this sector have also given an opportunity to private sector units to go beyond the supplier and participate in the entire process.

Photo from Unplash

Photo from Unplash

K. Sivan further said, ‘I hope that commercial and technical cooperation will further strengthen space cooperation. India is planning to promote the space sector in the global market. He further said that a new industry body, Indian Space Association (ISpA) has also been launched recently with the aim of making the country an economic space hub. The government of India is ready to invite private companies in the space sector and ISRO is also tying up with start-ups and industries.

The ISRO chief further informed that India is also focusing on international cooperation, including bilateral and multilateral partnerships. ISRO has also recently joined hands with NITI Aayog and the Department for Promotion of Industry and Internal Trade (DPIIT) to encourage the country’s space start-ups.

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