Tag: india space policy

Technology

India can capture 8% of world space economy, but ISRO, pvt sector must do this first

Hard work by private sector, ISRO could see India capture 8% of global space economy:Officia India's space sector accounts for two per cent of the global space economy, but can aim to touch eight per cent on the back of hard work by the private sector with hand holding from space agency ISRO, a top official has said. The new space policy, which is expected to be unveiled soon, will remove most of the constraints faced by private players, who can look forward to building satellites, leasing out transponders, building launch vehicles and exploring the world of space-based applications. “The most important objective of the space policy is to promote and facilitate the private sector playing a key role in the space sector,”...