India Gearing up to Launch Industry-led Policies in the Space Sector: ISRO Chief, Dr. Sivan

PUBLISHED:

See more TechGraph stories in your search results.
Google Add TechGraph on Google
  • Invites global stakeholders to collaborate & invest in India’s space sector

  • India aspires to launch a dozen missions every year as against 4-5 currently: Dr. Pawan Goenka, Chairman, IN-SPACe

    - Advertisement -

India is revising its existing policies and is also in the process of bringing in the new ones to increase industry participation in the space sector, Dr. K. Sivan, Chairman, Indian Space Research Organisation (ISRO) & Secretary Department of Space, Govt. of India said today while addressing the inaugural session on ‘Future of Space-International Participations & Collaborations‘ at the The India Pavilion, Expo 2020 Dubai.

Dr. K Sivan, Chairman, ISRO & Secretary Department of Space, Govt. of India virtually addressing at the inauguration of Space Week at the India Pavilion, Expo 2020 Dubai

Dr. Sivan emphasised that the recent reforms in the sector has ensured that the role of private sector has evolved from being just suppliers to partners in the process.

In his video message, Dr. Sivan highlighted that space is one of the significant areas India is looking at for international cooperation, adding, “I hope space cooperation will further strengthen with commercial and technological collaborations.” Indian industry has to play a big role in the space sector globally, said Dr. Sivan.

Highlighting the reforms in the sector, Dr. Sivan said that the government is open to inviting private players in the space sector and ISRO is tieing up with start-ups and industries. “India is focussing on international collaborations, including bilateral and multilateral partnerships,” he added.

Dr. Sivan also appreciated the Indo-UAE engagement in space and collaborations with ISRO in space applications.

He said that the Indian industry would play a big role in space sector as involvement of start-ups and MSMEs increases in future. “ISRO has joined hands with NITI and DPIIT for encouraging start-ups,” he added.

He also emphasised on the need to make outer space safe and that it’s a collective responsibility of the government and non-govt agencies to ensure that. “ISRO will be supportive of all international collaborations which benefit humanity,” he said.

Delivering the keynote address virtually, Dr. Pawan Goenka, Chairman, Indian National Space Promotion and Authorization Center (IN-SPACe) said that India aspires to launch a dozen missions every year going ahead as against 4-5 currently. He also added that the country is working on Reusable Launch Vehicle (RLV) and advanced applications. “India will also offer private services to other countries and cooperate with international agencies to develop innovative missions with cost-effective and agile launch vehicles. It’s a new India that is emerging in the space sector.”

Dr. Goenka said, “Global Space sector is expected to touch a trillion dollar by the end of this decade and the sector is going through a major transformation.”

He further said, “India is working on space laws and space policy to bring in industry focussed approach in place of just government focussed one currently.” He highlighted that the government is committed to providing an enabling environment for collaboration with national and international organisations. He said that the formation of IN-SPACe and New Space India Ltd. (NSIL) is a step in this direction, and it would change the ecosystem in India. “The evolution of start-ups in the space sector in India will lead to revolution,” he added.

Speaking at the panel discussion on the sidelines of the event, Mr. Umamaheshwaran R, Scientific Secretary, ISRO said that by supporting the investments from private sector, India would be able to contribute significantly to the USD 360 billion invested in the Space Sector globally. India is expected to contribute about USD 40-50 Billion by 2025.

Dr. Sam Dayala Dev, Director, ISRO Inertial Systems Unit (IISU), highlighted the importance of space robotics and artificial intelligence in the space domain. He also informed that Gaganyaan mission envisages humanoid flying uniquely unlike other robots where they get assembled in space.

- Advertisement -

Dr. Unnikrishnan Nair, Director, Human Space Flight Centre (HSFC), ISRO said that the fascination with human space flight will ignite the minds of the young in taking up roles in exploring space technology.

Mr. Vitaly Safonov, Deputy Director General, JSC Glavkosmos, Russia, highlighted the long term engagement with ISRO right from Aryabhatta to cryo stages. Mr. Thomos Zurbuchen, Associate Administrator, Science Mission Directorate at NASA, highlighted the close partnerships with ISRO especially on NISAR project. Mr. Antony Murfett, Deputy Head, Australian Space Agency informed that Australian space desires to closely work to enhance in supply chain with international collaboration.

Mr. Laxmesh BH, Co-Chair-Taskforce on Compliance and Regulatory Affairs, FICCI Space Sector & Head – Missiles & Aerospace Business & Operations, L&T Defence earlier said, “Many nations are today looking at focus on space sector as a growth strategy. It is time that countries collaborate together to bring in the required changes in the space treaties.”

The Space Week being organised by the Department of Space and FICCI will see a series of events on themes like Space for start-ups: Infinite opportunities in space, Space 2030: Space for Sustainable Businesses and Space-Building Capacity and Research Opportunities.

To know more about India Pavilion at Expo 2020 Dubai, please visit:

Website – www.indiaexpo2020.com

Facebook – www.facebook.com/indiaatexpo2020

Instagram – www.instagram.com/indiaatexpo2020

Twitter – twitter.com/IndiaExpo2020s=09

Linkedin – www.linkedin.com/company/india-expo-2020/viewAsMember=true

YouTube – www.youtube.com/channel/UC6uOcYsc4g_JWMfS_Dz4Fhg/featured.

Koo – www.kooapp.com/profile/IndiaExpo2020.

To know more about Expo 2020 Dubai, please visit – www.expo2020dubai.com/en.

Stay ahead of the curve, every day.

A daily briefing covering news, interviews, and the trends driving the world forward. Curated for readers who want news, not noise.

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Top Gainers · Global

View all
NamePriceChange
000660SK Hynix ₩1,759,000 +4.08%
INTCIntel Corporation $101.05 +4.03%
EMAAREmaar Properties AED 11.74 +3.35%
HDFCLIFEHDFC Life ₹530.20 +2.73%
SBILIFESBI Life Insurance ₹1,697.90 +2.65%

Latest Stories

The Rise of the Casual Player: Gaming without the Commitment

When we think about gaming in the past, we...

Improving Daily Store Operations With Tech: 8 Prime Examples

Nowadays, running a retail store is more demanding than...

Choosing an AI Development Partner: 7 Practical Checks

An industrial AI project can produce a convincing demonstration...

Javier Olivan Plans $1.04 Million Meta Share Sale

Olivan acquired the shares through restricted stock unit vesting between 2017 and 2026 and has sold nearly 18,800 Meta shares worth approximately $11.57 million over the past three months.

Amazon Inc Raises £4.25 Bn Through Sterling Bond Sale

The offering includes four series of senior notes maturing between 2029 and 2045 and is expected to generate approximately £4.235 billion in net proceeds before offering expenses.

Related Articles

The Rise of the Casual Player: Gaming without the Commitment

When we think about gaming in the past, we often picture people booting up a console, plugging in multiple devices, or setting aside several...

Improving Daily Store Operations With Tech: 8 Prime Examples

Nowadays, running a retail store is more demanding than ever. Customers walk in expecting the same speed and convenience they experience when shopping online. They want accurate pricing, quick checkout, and products that are consistently in stock. When daily operations fall short, whether due...

Choosing an AI Development Partner: 7 Practical Checks

An industrial AI project can produce a convincing demonstration before anyone has answered its...

Javier Olivan Plans $1.04 Million Meta Share Sale

Olivan acquired the shares through restricted stock unit vesting between 2017 and 2026 and has sold nearly 18,800 Meta shares worth approximately $11.57 million over the past three months.

Amazon Grants 4,086 RSUs to Director Brad Smith

Amazon.com Inc. () director Brad D. Smith has received 4,086 restricted stock units representing...

NVIDIA Awards 172,507 Shares to EVP Nicholas Parker

NVIDIA Corp. () EVP for Worldwide Field Operations Nicholas P. Parker has received 172,507...

Meta CPO Chris Cox Sells Shares Worth $13 Mn

Meta Platforms Inc. () Chief Product Officer Christopher Cox has sold 20,000 shares of...

Amazon To Secure £4.25 Bn Through Sterling Bond Sale

The offering spans four bond maturities between 2029 and 2045 and is expected to generate approximately £4.23 billion in net proceeds before expenses.

CFO Mark Patterson Plans $193K Cisco Share Sale

The planned sale follows Patterson's acquisition of 1,795 restricted stock units a day earlier and comes weeks after he sold 5,192 Cisco shares for approximately $578,980.

Amazon To Secure £4.25 Bn Through Sterling Bond Sale

The offering spans four bond maturities between 2029 and 2045 and is expected to generate approximately £4.23 billion in net proceeds before expenses.

CFO Mark Patterson Plans $193K Cisco Share Sale

The planned sale follows Patterson's acquisition of 1,795 restricted stock units a day earlier and comes weeks after he sold 5,192 Cisco shares for approximately $578,980.

Meta COO Javier Olivan Reports $3.3 Million Share Sale

Meta Platforms Inc. () COO Javier Olivan has sold 5,354 shares of the company's...

Meta Board Approves $0.525 Per Share Quarterly Cash Dividend

Meta will pay a quarterly cash dividend of $0.525 per share later this month, keeping the payout unchanged since the company raised its dividend in February 2025.

The Role of Trust and Transparency in Indian Real Estate

As Indian real estate becomes more transparent, buyer trust is shifting from developer reputation and assurances toward information that can be independently verified before a purchase.

Amazon Inc Raises £4.25 Bn Through Sterling Bond Sale

The offering includes four series of senior notes maturing between 2029 and 2045 and is expected to generate approximately £4.235 billion in net proceeds before offering expenses.

Meta COO Javier Olivan Reports $3.3 Million Share Sale

Meta Platforms Inc. () COO Javier Olivan has sold 5,354 shares of the company's...

Meta Board Approves $0.525 Per Share Quarterly Cash Dividend

Meta will pay a quarterly cash dividend of $0.525 per share later this month, keeping the payout unchanged since the company raised its dividend in February 2025.

ProMobi Rolls Out New Scalefusion Update for Enterprise IT Teams

The latest Scalefusion update reflects how enterprise IT priorities are shifting from managing devices to securing users, identities and endpoints through a single platform.

ProMobi Rolls Out New Scalefusion Update for Enterprise IT Teams

The latest Scalefusion update reflects how enterprise IT priorities are shifting from managing devices to securing users, identities and endpoints through a single platform.

The Confidence Equation: TSU’s Priyanka Kapuria on Helping Children Communicate Better in the AI Era

TSU Founder Priyanka Kapuria says children’s growing reliance on AI to shape their responses could weaken the independent thinking and genuine understanding needed to become stronger communicators.

NVIDIA Signs $11.9 Bn Deal to Acquire Hugging Face

The proposed acquisition will provide Hugging Face with additional resources while preserving its open-platform approach and expanding support for developers building open-source AI models.

Martin Chavez Reports 1,181-Share Gift in Alphabet Filing

Withe the latest disposal Alphabet director Martin Chavez’s direct Class C shareholding reduced to 9,989 shares.