Today’s Cabinet approved reforms in the space sector are an important step in expanding India’s space-related capabilities, by inviting and enabling the private sector to participate. (1/n) https://pib.gov.in/PressReleasePage.aspx?PRID=1633892

ISRO has built capabilities in the country, inspiring generations of Indians by its extraordinary achievements over the years. Innovations in telecommunications and remote-sensing have enriched our lives for decades, without us giving much thought to the tech behind it. 2/n

Whether it be accessible telephony, improved weather forecasting, or a COVID tracker in recent times, ISRO’s service to India has been exemplary. (3/n)

Now, there is a new opportunity to come forward and innovate further, building on the platform provided by ISRO through these reforms. Our entrepreneurs can explore new horizons for space-based products and services. (4/n)

IN-SPACe will ensure a level playing field for private companies, and a friendly, fair, rigorous, and speedy regulatory environment, spur investment, and innovation. NSIL, will drive demand for space products and services, to ensure optimum utilization of space assets. (5/n)

Leading-edge R&D will be the focus at ISRO. New tech, spaceflight, and exploration missions. A major impetus for research, with some commoditized space operations open to private players. (6/n)

These reforms are in line with global best practices, and designed to ensure India sees new companies making new investments and providing new services in this sector very soon. (7/n)