FM Nirmala Sitharaman: Want the government and private sector to be co-travellers in India’s space journey

Finance Minister Nirmala Sitharaman announced the fourth tranche of the economic package on May 16 as part of Prime Minister Narendra Modi’s Atmanirbhar Bharat Abhiyan.

The tranche today focused structural reforms to allow the country to be more self-sufficient in addition to the Make in India mission that the government has been striving for.

With a special focus on the space sector, Sitharaman said that the Indian Space Research Organisation has brought a lot of laurels to the Indian space scene, but there are also a lot of private players and startups working on space related technologies.

Thanks to the current regulations and policies, these private players cannot make full use of the tech from ISRO or even for testing purposes.