The Union Cabinet on Thursday approved Indian Space Policy 2023 with an aim to enhance the role of the Department of Space, boost activities of ISRO (Indian Space Research Organisation) missions and give a larger participation of research, academia, startups and industry.
Speaking at a presser on Thursday, Union Minister Dr Jitendra Singh informed, "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...,"
"Today 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 added.
Meanwhile, Lt. General AK Bhatt (retd.), Director General, the Indian Space Association said that this was a historic moment for India.
Speaking on the behalf of Indian Space Association, General Bhatt said, "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," added Bhatt.
He also thanked Prime Minister Narendra Modi and said, "We would like to thank PM Modi for his visionary leadership with a special focus on long-due reforms in the Indian space sector."
