India’s space agency will transfer all its operational satellites, rockets and applications to its commercial arm, New Space India Limited, allowing the private sector to make commercial use of the assets created so far.
Indian Space Research Organization (ISRO) President K Sivan said on Thursday that private firms can also independently build satellites and rockets and launch them from Indian soil.
He said that the Indian National Center for Space Promotion and Authorization (In-Space) is a new body set up by the government, which will regulate the country’s space industry.
On its part, ISRO will focus on building technologies and undertake deep space missions and manned space flights.
“Accelerated growth in an open and inclusive space sector will create innovations along with job creation and enable the Indian space industry to become an important player in the global space economy,” Sivan said in a webcast.
India has a fleet of 15 communications satellites that provide direct-to-home, telecommunications and Internet services; It has 13 operational remote sensing satellites for Earth observation and applications such as weather and ocean monitoring as well as disaster management.
It has built three generations of rockets that can carry satellites in geostationary orbit weighing 6 tons. It is also building a small satellite launch vehicle that can carry small satellites into space.
Apart from companies like Larsen & Toubro, Godrej Aerospace, MTAR and Hindustan Aeronautics Limited, which build systems for India’s space program, entrepreneurs are also building rockets and satellites to launch on their own.
Srinath Ravichandran, co-founder said, “It is very positive that the chairman talked about enabling private players, clarified how quickly the Department of Space is ready to act on it and also mentioned that The in-space will be both autonomous and independent. ” Agnikul Aerospace, an IIT-Madras-incubated startup that is building a rocket to hit small satellites in space.
Space entrepreneur Susmita Mohanty said that India should adopt global best practices and implement space reforms effectively to ensure long term impacts.
“The new reforms will require careful implementation, incorporating global best practices, proper implementation to ensure speed, fairness and long-term impact. Mohanty, the CEO of Earth2Orbit, said that a strong funding ecosystem for the private sector should be strong for the United States and Europe.
In-space, to be operational in 3-6 months, its board will have members from academia, government as well as industry representatives and will be under the Space Commission.
“This is a great move and could potentially be revolutionary for the sector in the coming years – when TRAI (Telecom Regulatory Authority of India) was established to provide non-sports sector to BS-Telecom operators. That change has revolutionized what Jio and Airtel have brought and similar changes will come in remote sensing and other areas, thanks to the in-space set up, “said Axis Ahmed, founder and CEO of Pixxel, a Bengaluru-based startup Said which is building a fleet of remote sensing satellites.
According to the chairman of ISRO, the government is working to update the SATCOM policy to include remote sensing data policy as well as regulator’s activities and is also working on a new navigation policy.