Indian heavy lift rocket LVM3
Indian heavy lift rocket LVM3

Cabinet approves Indian Space Policy, 2023

New Delhi — The Union Government Thursday approved the Indian Space Policy, 2023 where roles and responsibilities of organisations such as ISRO, NewSpace India Limited and private sector entities have been laid down.

The government had earlier opened up the space sector for the private sector to help boost the development of the segment.

Union MoS Science and Technology Jitendra Singh said it will offer clarity on the role of the components set up in the recent past.  He also said the policy would enhance the role of India’s space department, and boost research, academia, start-ups, and industry.

Indian Space Association Director General Lt. Gen. AK Bhatt (retd.) 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 details of the policy. We would like to thank the Hon’ble Prime Minister for his visionary leadership with a special focus on long-due reforms in the Indian space sector.”

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