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Taking a step forward in space exploration and development
Voice and Data
|June 2023
By adapting to evolving global and national dynamics, the Indian Space Policy 2023 sets the roadmap for the country's endeavours and domination in the sector
The Union Cabinet on 6th April 2023 approved the much-awaited Indian Space Policy 2023. The policy was an outcome of detailed deliberations which took place with various stakeholders within and outside the government, ever since the Prime Minister announced his historical decision in June 2020 to open space to private players. The policy outlines the strategic framework and principles for the country's space activities in the coming decades. It reflects the changing global and national context of space exploration and development and aims to enhance India's capacity, competitiveness, and cooperation in space.
One of the notable features of the new space policy is its emphasis on commercialisation and private participation in all domains of space activities. The policy recognises that the space sector has immense potential for generating new technologies, products, and services, as well as for creating jobs, revenues, and exports. Therefore, the policy aims to promote a conducive environment for private players to invest, innovate, and operate in space, while ensuring that the public interest, national security, and international obligations are safeguarded.
CLARITY IN THE ROLE OF STAKEHOLDERS
To achieve this goal, the policy envisages several measures, such as simplifying the regulatory and licensing procedures for space activities by defining roles of all governmental organisations such as the Department of Space (DOS), Indian Space Research Organisation (ISRO), Indian National Space Promotion and Authorisation Centre (IN-SPACe), and NewSpace India Limited (NSIL) as non-government entities. It encourages private industry, start-ups, and Micro, Small and Medium Enterprises to develop space-related products and services, facilitating technology transfer and incubation, promoting space tourism and education, and collaborating with foreign space agencies and industries.
This story is from the June 2023 edition of Voice and Data.
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