NE SCIENCE & TECH BUREAU
CHENNAI, MAY 31
From a fledgling in the Space domain during the 1960s-70s, India has come a long way to become a leading nation in the global space sector. Especially in the last few years, a massive push has been given by the Government for creating a comprehensive ecosystem to bring the private sector to the forefront of growth of the Indian Space Sector.
- The vision under the policy is to “enable, encourage and develop a flourishing commercial presence in space” that facilitates an acceptance that the private sector is a critical player in the entire value chain of cyberspace.
- HAL and L&T consortia will be Indian Industry partner for end-to-end production of 5 PSLVs, with a contract value of Rs. 824 crores
- To encourage private space activities, India has already opened the foreign direct investment in the space sector to 100 percent.
The Government of India unleashed reforms in the Space domain in 2020, opening the doors for enhanced participation of private players in the Indian space programme and playing key roles to boost India’s market share in the Global Space Economy, while providing them a level playing field.
🚀 Indian Space Policy 2023: https://t.co/CStrfN3SU4 pic.twitter.com/hddXCHjIkm
— Science, Technology and Innovation in India (@PrinSciAdvOff) April 21, 2023
The Indian Space Policy – 2023 has thus been formulated, on April 20, as an overarching, composite and dynamic framework to implement the Government’s reform vision. The objective of the policy is to make India an important destination for commercial space activities. The vision under the policy is to “enable, encourage and develop a flourishing commercial presence in space” that facilitates an acceptance that the private sector is a critical player in the entire value chain of cyberspace.
However, space exploration amounts to a huge amount of risks, and allowing private parties need necessary legal arrangements. Though India is yet to enact space legislation, this policy may work as possible guidelines, for private entities trying to enter the space business. India, as a founding member of international space law, has always contributed positively to the development of the United Nations Committee for Peaceful Use of Outer Space. We are a signatory of all the major space law conventions and have participated in all the General Assembly Resolutions relating to outer space. India is committed to giving the effect of the Outer Space Treaty 1967 at the domestic level. In 2013, the General Assembly passed a unanimous resolution suggesting states adopt national legislation for space activities.
To encourage private space activities, India has already opened the foreign direct investment in the space sector to 100 percent.
In 2019, the New Space India Limited (NSIL) was incorporated as a wholly owned Government of India Public Sector Enterprise (CPSE) under the administrative control of the Department of Space (DOS). It aims to enable the Indian Space Industry to scale up a high-technology manufacturing base for the space programme. This, in turn, would aid them in commercially exploiting the products and services emanating from the Indian Space Programme for meeting the domestic and global customer needs.
PM Shri @narendramodi Ji speaking at the inaugural function of Indian National Space Promotion and Authorisation Centre (IN-SPACe) headquarters in Ahmedabad. #PMatINSPACeHQ https://t.co/hUdiMBxUqE
— Amit Shah (Modi Ka Parivar) (@AmitShah) June 10, 2022
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) was inaugurated by the Prime Minister in June 2022. It was established with an aim to put in place a stable and predictable regulatory framework to provide a level playing field to Non-Government Entities (NGEs) in the Space sector. It would further create an eco-system of industry, academia and start-ups so as to attract major share in the global space economy.
Prominent instances of enhanced participation of industries in Indian Space sector include successful launch of Vikram-S (Prarambh mission), a suborbital launch vehicle from M/s Skyroot Aerospace Pvt. Ltd., Hyderabad, on 18th November 2022.
The first private launchpad & mission control center was established by M/s Agnikul Cosmos Pvt. Ltd., Chennai in ISRO campus at Satish Dhawan Space Centre, Sriharikota on 25th November 2022. Agnilet Semi-cryogenic rocket engine developed by Agnikul was successfully hot tested at ISRO facility on 4th November 2022.
Two nano-satellites from Indian space start-up M/s DhruvaSpace were launched as a rideshare passenger in PSLV-C54 mission. Gen-1 satellites from M/s OneWeb was launched using LVM3 (GSLV Mk-III).
HAL and L&T consortia will be Indian Industry partner for end-to-end production of 5 PSLVs, with a contract value of Rs. 824 crores.
Going forward, NSIL has signed 19 Technology Transfer Agreements and has successfully transferred 8 ISRO developed Technologies to Indian Industry. The move would promote an increased participation of the private sector in the ecosystem of space economy, while aiding the creation of infrastructure on ground and in space.
