ISRO Rocket Production: Indian Space Research Organization (ISRO)has made important changes in its policy. Under this, Istro will focus on research, development and major space missions. Along with this, it has been reported that the launch and production of regular satellites will be entrusted to private sector companies or Public Sector Undertakings (PSUs). India is gearing up to launch a human orbiter next year and plans to complete the 'Indian Space Station' by 2035. India also dreams of landing an Indian citizen on the moon by 2040, and this change will further strengthen this goal.
Currently, there are approximately 450 space startups operating in India. The upstream segment includes all activities, products and infrastructure that ensure the development, testing, launch, operation and maintenance (including information of space conditions) of space assets. The downstream segment includes all the satellite-based applications, services and equipment that drive this business.
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Indian National Space Promotion and Authorization Center (IN-SPACe) Chairman Pawan Goenka told a press conference on Saturday, “ISRO will no longer design or manufacture any launch vehicles. All this will now be done by private sector or public sector undertakings.”
Agnikul Cosmos Co-Founder and CEO Moin SPM said, “This is the next step in ISRO's and the private sector's integrated strategy. Under this strategy, ISRO will now focus on research and development of relevant technologies, while private companies will be responsible for satellite manufacturing and implementation. For this transition to be successful, clear regulatory oversight, security checks and security measures must be put in place to ensure that important intellectual property and manufacturing capabilities remain in-country.”
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To expand space- missions and works, the government has already taken major steps like New Space Policy 2023, Foreign Direct Investment (FDI) Policy 2024, Indian Telecom Act 2023 and Geospatial Data Policy. All these measures are expected to increase the Indian space sector from $9 billion to $44 billion by 2023.
