Indian Space Policy 2023
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Context
- The government approved the Indian Space Policy 2023.
Details
- It seeks to institutionalise the private sector participation in the space sector, with ISRO focusing on research and development of advanced space technologies.
- The policy will allow the private sector to take part in end-to-end space activities that include building satellites, rockets and launch vehicles, data collection and dissemination.
- The Indian Space Policy-2023, also delineated the roles and responsibilities of ISRO, space sector PSU NewSpace India Limited (NSIL) and Indian National Space Promotion and Authorization Center (IN-SPACe).
- Strategic activities related to the space sector will be carried out by NSIL, a public sector undertaking under the Department of Space, which will work in a demand-driven mode.
- The INSPACe, created recently, will be the interface between Indian Space Research Organisation and non-governmental entities.
- The policy also spells out the framework for the private sector to use ISRO facilities for a small charge and encourages them to invest in creating new infrastructure for the sector.
- ISRO will not do any operational and production work for the space sector and focus its energies on developing new technologies, new systems and research and development.
- The operational part of ISRO's missions will be moved to the NewSpace India Limited, a public sector undertaking under the Department of Space.
Significance
- India's share in the global space economy was less than two per cent at present and the space policy will help it increase substantially to 10 per cent in the future.
- It will pave the way forward with much-required clarity in space reforms and augment private industry participation to drive the space economy opportunity for the country.
INDIA’S SPACE SECTOR: https://www.iasgyan.in/daily-current-affairs/indias-space-sector
SPACE: https://iasgyan.in/daily-current-affairs/space
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PRACTICE QUESTION Q. The global space economy is currently valued at about USD 360 billion. Despite being among a few spacefaring nations in the world, India accounts for only about 2% of the space economy. Throw light on the key reforms that are being taken by the Government to drive the space economy opportunity for the country. |
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