HomeNewsBusiness'Indian Space Policy 2023 gives us wings': Start-ups laud long-awaited regulation

'Indian Space Policy 2023 gives us wings': Start-ups laud long-awaited regulation

The Indian Space Policy was released on April 20 by the Indian Space Research Organisation (ISRO), more than a week after the Cabinet approved it.

April 21, 2023 / 18:42 IST
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The space policy specifically lays down the role of several government bodies, apart from specifying the role private players in the space sector — will play in India’s space ecosystem
The space policy specifically lays down the role of several government bodies, apart from specifying the role private players in the space sector — will play in India’s space ecosystem

Space tech start-ups are lauding the Indian Space Policy 2023 for providing necessary flexibility for boosting private players in the segment, removing "bureaucratic hurdles" by making the Indian Space Promotion and Authorisation Centre (IN-SPACe) the regulatory authority for the space sector, and clearly demarcating the responsibilities between various bodies  under the Department of Space.

The Indian Space Policy was released on April 20 by the Indian Space Research Organisation (ISRO), more than a week after the Cabinet approved it.

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In it, the government specifically lays down the role of several government bodies, such as the ISRO and the Department of Space, NewSpace India Limited (NSIL) apart from specifying the role non-governmental entities (NGEs) — a term for private players in the space sector — will play in India’s space ecosystem.

"The clarity of various roles in the Indian Space Policy 2023 marks a yellow-brick road for Indian private companies who not only wish to commercialise their products and to develop new technologies, but to also understand the kind of support that will be provided to them," said Kranthi Chand, Head - Strategy & Special Projects, Dhruva Space.