Hours after the Center announced that it would give the private sector a role in India’s space program, the Indian Space Research Organization ( ISRO) reported on Saturday that it will encourage private players to carry out the country’s space activities. Taking Twitter micro-blogging site, the ISRO said, “Space Department must follow government guidelines and allow private players to conduct space activities in the country.”
Union Finance Minister Nirmala Sitharaman said the private sector , particularly in satellites, rockets and space-based services, would play a role in India’s space programme. “The Indian private sector will be a co-traveller in space activities in India,” she said. The Government must provide a level playing field for private companies in spacecraft, launches and space-based infrastructure to boost private interest in space activities.
The government would also provide the private players with a stable policy and regulatory climate, she said while announcing the economic stimulus package ‘s fourth tranche. This will enable the private sector to use ISRO facilities and other related assets to boost their capacity.
Potential ventures for planetary exploration and outer space travel will be available to the private sector, she said, adding a liberal geospatial data policy would offer tech entrepreneurs remote sensing data.
In her fourth press conference in as many days, she said the fourth stimulus will concentrate on coal, minerals, defense development, the civil aviation sector, Union Territories power distribution firms, the space sector, and the nuclear energy industry. She said measures taken during the recent past include fast track clearance of investment through an empowered secretarial community. In-ministry, a project development cell was formed to plan investable projects and coordinate with investors and central / state government.