In a written reply to a question in the Rajya Sabha today, Jitendra Singh said, a single-window agency, Indian National Space Promotion & Authorization Centre or INSPACe has been created in this regard to promote, handhold and authorize space activities of non-government entities (NGEs).
The minister also said New Space India Limited (NSIL), a Central Public Sector Enterprise under Department of Space, has been mandated to carry out operational and commercial activities, so far largely conducted by Isro.
On whether government has prepared a policy to define commercial activities of space that are available for private sector handled by NSIL and Isro, Jitendra Singh said, the Department of Space is in the process of formulating a comprehensive, overarching space policy, that shall bring clarity on roles of various stakeholders.
The policy has undergone extensive deliberations with industry groups, inter-ministerial consultations and is under further approval process.
The central government will soon announce a National Space Policy that will allow private sector companies to manufacture satellite launch vehicles and speed up the pace of satellite manufacturing in India.
India’s space industry is predicted to be worth approximately $13 billion by 2025, with the satellite launch services segment expected to develop at the highest rate due to rising private engagement.
