SPACE POLICY 2023

Why in News?

The Indian Space Policy 2023 was approved by the Cabinet Committee on Security. The policy seeks to institutionalise private sector participation in the space sector, with ISRO focusing on research and development of advanced space technologies.

What are the Major Provisions of Indian Space Policy 2023?

About:

The policy will pave the way forward with much-required clarity in space reforms and augment private industry participation to drive the space economy opportunity for the country.

Delineation of Roles:

The policy delineates the roles and responsibilities of Indian Space Research Organisation (ISRO), space sector PSU NewSpace India Limited (NSIL), and Indian National Space Promotion and Authorization Center (IN-SPACe).

NSIL –

Strategic activities related to the space sector will be carried out by NSIL, which will work in a demand-driven mode.

IN-SPACe  -

IN-SPACe will be the interface between ISRO and non-governmental entities.

ISRO will focus its energies on developing new technologies, new systems and research and development.

The operational part of ISRO's missions will be moved to the NewSpace India Limited.

Entry of Private Sector:

The policy will allow the private sector to take part in end-to-end space activities that include building satellites, rockets, and launch vehicles, data collection and dissemination.

The private sector can use ISRO facilities for a small charge and is encouraged to invest in creating new infrastructure for the sector.

Impact:

The policy will help India increase its share in the global space economy substantially from less than 2% to 10% in the future.