Govt opens Space sector for Private players, can build rockets, satellites: ISRO chief

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Govt opens Space sector for Private players, can build rockets, satellites: ISRO chief

ISRO, K Sivan, Satellite, Private Sector
Image Source : FILE PHOTO

Private sector will be allowed to build rockets, satellites, provide other space facilities, announces ISRO chief K Sivan. (Representational image)

ISRO Chief K Sivan on Thursday announced new ways in which the private sector will be able to work in the space industry to explore more. The space organisation said the private sector will be allowed to carry out space activities like building of rockets, satellites and providing launch services.

K Sivan said the private sector can also be part of the inter-planetary missions of the Indian Space Research Organisation. The Cabinet on Wednesday approved participation of the private sector in the entire range of space activities, including planetary exploration missions.

Sivan, however, added that ISRO’s activities are not going to reduce and it will continue to carry our space-based activities including advanced research and development, inter-planetary and human space flight missions.

“Space sector, where India is among a handful of countries with advanced space technology, can play a significant role in boosting the industrial base of India. Government decided to implement reformed measures to leverage ISRO’s achievement by opening the space sector for private enterprises,” ISRO Chief said.

“Department of Space will promote sector space activities to enable it to provide end to end space services, including building & launching of rockets & satellites as well as providing space-based services on commercial basis,” K Sivan added.

“If the space sector is opened (for pvt enterprises), potential of entire country can be utilised to scale up benefits from space technology. It’ll not only result in accelerated growth of the sector but also enable Indian industry to be important player in the global space economy,” ISRO Chief mentioned.

“With this, there is an opportunity for large scale employment in the technology sector and India becoming a global technology powerhouse,” Sivan said.

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