New Delhi: After the Union Cabinet’s approval to boost private sector participation in space activities in June this year, now ISRO (Indian Space Research Organisation) is all set to open its facilities for the private sector.
Announcing this here today, Union Minister of State for Atomic Energy and Space, Dr. Jitendra Singh said here today that possibly for the first time in the history of Independent India, future projects for planetary exploration, outer space travel will be open for the private sector. He said with the creation of Indian National Space Promotion and Authorisation Centre (IN-SPACe), there will be a mechanism in place and the private sector will be allowed to use ISRO’s facilities and other relevant assets to improve their capacities.
Also read: Private sector participation in space sector gets nod
Elaborating further, Dr Singh said that Indian private sector will be a co-traveller in India’s Space Sector journey. He said, private companies will be provided a level playing field in satellite launches and space based activities.
The new reforms, he said, would seek to shift the Space related activities in the country from “Supply Based Model” to a “Demand Based Model”.
Dr.Singh further informed that a Web link had been provided for private industries to submit their applications. Applications received from industries and Start-ups were to be processed by a high level committee, he added.
– globalbihari bureau
