Historic reform in space sector by Modi government! This major initiative approved - All details here

Modi government on Wednesday initiated historic reforms in the space sector! In a far-reaching reform in the space sector, private sector participation in space activities has been given green signal. "The decision taken is in line with the long-term vision of the Prime Minister of transforming India and making the country self-reliant and technologically advanced," Prime Minister's Office said in a statement.

Addressing the media, Union Minister Dr Jitendra Singh said, "PM Narendra Modi approved far reaching reforms in the space sector aimed at boosting private sector participation in the entire range of space activities. This will unlock India’s potential in space sector."

"Newly created Indian National Space Promotion and Authorization Centre (IN-SPACe) to provide a level playing field for private companies to use Indian space infrastructure. It will also hand-hold, promote and guide the private industries in space activities," Dr Jitendra Singh added.

Key Benefits:

-Space sector can play a major catalytic role in the technological advancement and expansion of our 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.

-The newly created Indian National Space Promotion and Authorization Centre (IN-SPACe) will provide a level playing field for private companies to use Indian space infrastructure. It will also hand-hold, promote and guide the private industries in space activities through encouraging policies and a friendly regulatory environment.

-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 utilization of our space assets.

- These reforms 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.