The policy allows larger participation between researchers, academician, startups, and the industry: Minister
The policy also states the roles and responsibilities of organisations like (ISRO) and other private entities
The Indian government’s push for innovation in spacetech has led to many startups driving innovations in different sub-segments such as building rockets and launchpads, enhancing satellite mapping, and more
At a time when India’s spacetech startups are growing by leaps and bounds in the world’s third-largest startup ecosystem, the Union cabinet on Thursday (April 6) approved the Indian Space Policy 2023 to further boost the segment and enhance the role of startups and other private entities working in the space.“With these developments, today, India is a frontline nation as far as space technology is concerned,” said Singh, adding that within three years, there are almost 150 startups with ISRO.“Space policy empowers IN-SPACe to become an interface platform to get clearances on things ranging from FDI (Foreign Direct Investment) to bandwidth allocation,” said Suyash Singh, the cofounder and CEO of GalaxEye Space. He added that it would now be a one-stop gateway for spactech startups and increase speed to orbit 10X.
During a cabinet briefing, the Minister for State for Science and Technology, Jitendra Singh, said, “The Indian Space Policy 2023, in brief, would offer clarity to the role of each component set up to enhance the role of the space dept to give a boost to the activities of the ISRO missions and to have a larger participation between the research, academia, startups, and the industry.”