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Indian Space Policy 2023
April 16 , 2023
505 days
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- The Indian Space Policy 2023 was recently approved by the Cabinet Committee on Security.
- The Policy is expected to have a significant impact on the Indian space economy.
- It aims to increase India's share in the global space economy from less than 2% to 10%.
- The policy delineates the roles and responsibilities of ISRO, NSIL and IN-SPACe.
- ISRO will focus its energies on developing new technologies, systems, and research and development.
- NewSpace India Limited (NSIL) will be responsible for strategic activities related to the space sector.
- The objective of NSIL is to augment private industry participation in the space economy and create a self-reliant space industry in India.
- Indian National Space Promotion and Authorization Center (IN-SPACe) will serve as the interface between ISRO and non-governmental entities.
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