HomeNewsBusinessMC Explains | What is space policy 2023, what does it mean for private players and other questions answered

MC Explains | What is space policy 2023, what does it mean for private players and other questions answered

Released on April 21, the Indian Space Policy 2023 seeks to promote private participation in Indian space activities, as well as to support space start-ups

April 21, 2023 / 19:31 IST
Story continues below Advertisement
the space policy follows the opening up of the ecosystem in 2020 by the Indian government
The space policy follows the opening up of the ecosystem in 2020 by the Indian government

The Indian government released its much-awaited Indian Space Policy 2023 on April 21, more than a week after it was officially approved by the Cabinet.

In it, the government specifically lays down the role of several government bodies, such as the Indian Space Research Organisation (ISRO) and the Department of  Space, 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.

Story continues below Advertisement

To recap, the space policy follows the opening up of the ecosystem in 2020 by the Indian government, following which several space-tech start-ups have mushroomed in the country, culminating in multiple launches by such players in 2022 and 2023.

Such spacetech players have long been seeking regulatory certainty, and this policy aims to address that demand.