Union Cabinet Approved Indian Space Policy 2023

The Union Cabinet approved the Indian Space Policy 2023 on Thursday, which would strive to strengthen the role of the Department of Space, increase the operations of ISRO (Indian Space Research Organisation) missions, and increase the engagement of research, academia, startups, and industry.

This policy will attempt to institutionalize private sector engagement in the space industry.

The private sector's participation would allows to focus more on advanced space technology research and development.

The policy also specifies the tasks and responsibilities of the Indian Space Research Organization, the Indian National Space Promotion and Authorization Center, and the space sector PSU NewSpace India Limited (NSIL).

"Prime Minister Narendra Modi took a decision to open the space sector for private participation. Today because of this, within 3 years, the number of startups has reached about 150 in ISRO...," Dr. Jitendra Singh, Union Minister, stated during a press conference on Thursday.

"Today the Cabinet has approved Indian Space Policy 2023 which in brief would offer clarity to the role of each of these other components which have been set up to enhance the role of the space department, to give a boost to the activities of ISRO missions. To have larger participation between the research academia, startups and industry," the Minister went on to say.

The private sector will be involved in all aspects of space activity.

He also stated that the policy will allow the private sector to participate in end-to-end space operations such as rockets and launch vehicles, satellite construction, and data collecting and dissemination.

According to Lt. General AK Bhatt (ret. ), Director General of the Indian Space Association, this is a historic moment.

General Bhatt, speaking on behalf of the Indian Space Association, stated, "This is a historic moment as the cabinet today approved the Indian Space Policy 2023. It 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."  "We have been waiting for it for quite some time and today's announcement has come as a pleasant surprise. We keenly await and look forward to going through the policy details," Bhatt added.

Important News and Blog Tags for Readers

Cabinet approved the Indian Space Policy 2023

Department of Space

Indian Space Research Organisation ISRO

Private sector engagement in the space industry.

National Space Promotion and Authorization Center

Boost the activities of ISRO missions

Advanced space technology research and development