Union Cabinet approves Indian Space Policy, 2023 to increase private sector participation in space sector

• The Cabinet Committee on Security chaired by Prime Minister Narendra Modi has approved the Indian Space Policy 2023 on April 06, 2023.
• The policy seeks to institutionalise the private sector participation in the space sector, and channelise the focus of ISRO on research and development of advanced space technologies.
• The private sector will be able to take part in end-to-end space activities including building satellites, rockets and launch vehicles, data collection and dissemination.
• The roles and responsibilities of ISRO, space sector PSU NewSpace India Limited (NSIL) and Indian National Space Promotion and Authorization Center (IN-SPACe) have also been specified in the new policy.
  • AS per the policy, ISRO will not do any operational and production work for the space sector. It shall focus on developing new technologies, new systems and research and development.
  • The strategic activities related to the space sector will be carried out by NSIL.
  • The INSPACe will be the interface between ISRO and non-governmental entities