Indian Space Policy To Bolster Private Participation

In the year 2020, the Government of India announced a major transformation of the Indian space sector with the aim of enhanced participation of private players in Indian space programme. This was followed by the establishment of the Indian National Space Promotion and Authorization Centre ("IN-SPACe") through a decision of the Cabinet on June 24, 2020, with the objective of authorizing and regulating activities of the non-government entities ("NGEs") including the space-tech startups in space sector, through detailed guidelines and procedures. IN-SPACe was set up as an autonomous body under Department of Space ("DoS"), to create an eco-system of industry, academia, and start-ups and to attract major share in the global space economy.