Historic reforms initiated in the Space sector

Published By : Admin | June 24, 2020 | 16:02 IST
QuotePrivate sector participation in Space activities approved

Union Cabinet chaired by Prime Minister Shri Narendra Modi today approved far reaching reforms in the Space sector aimed at boosting private sector participation in the entire range of space activities. The decision taken is in line with the long-term vision of the Prime Minister of transforming India and making the country self-reliant and technologically advanced.

India is among a handful of countries with advanced capabilities in the space sector. With these reforms, the sector will receive new energy and dynamism, to help the country leapfrog to the next stages of space activities.

This will not only result in an accelerated growth of this sector but will enable Indian Industry to be an important player in global space economy. With this, there is an opportunity for large-scale employment in the technology sector and India becoming a Global technology powerhouse.

Key Benefits:

Space sector can play a major catalytic role in the technological advancement and expansion of our Industrial base. The proposed reforms will enhance the socio-economic use of space assets and activities, including through improved access to space assets, data and facilities.

The newly created Indian National Space Promotion and Authorization Centre (IN-SPACe) will provide a level playing field for private companies to use Indian space infrastructure. It will also hand-hold, promote and guide the private industries in space activities through encouraging policies and a friendly regulatory environment.

The Public Sector Enterprise ‘New Space India Limited (NSIL)’ will endeavour to re-orient space activities from a ‘supply driven’ model to a ‘demand driven’ model, thereby ensuring optimum utilization of our space assets.

These reforms will allow ISRO to focus more on research and development activities, new technologies, exploration missions and human spaceflight programme. Some of the planetary exploration missions will also be opened up to private sector through an ‘announcement of opportunity’ mechanism.

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PM Modi’s remarks during the BRICS session: Peace and Security
July 06, 2025

Friends,

Global peace and security are not just ideals, rather they are the foundation of our shared interests and future. Progress of humanity is possible only in a peaceful and secure environment. BRICS has a very important role in fulfilling this objective. It is time for us to come together, unite our efforts, and collectively address the challenges we all face. We must move forward together.

Friends,

Terrorism is the most serious challenge facing humanity today. India recently endured a brutal and cowardly terrorist attack. The terrorist attack in Pahalgam on 22nd April was a direct assault on the soul, identity, and dignity of India. This attack was not just a blow to India but to the entire humanity. In this hour of grief and sorrow, I express my heartfelt gratitude to the friendly countries who stood with us and expressed support and condolences.

Condemning terrorism must be a matter of principle, and not just of convenience. If our response depends on where or against whom the attack occurred, it shall be a betrayal of humanity itself.

Friends,

There must be no hesitation in imposing sanctions on terrorists. The victims and supporters of terrorism cannot be treated equally. For the sake of personal or political gain, giving silent consent to terrorism or supporting terrorists or terrorism, should never be acceptable under any circumstances. There should be no difference between our words and actions when it comes to terrorism. If we cannot do this, then the question naturally arises whether we are serious about fighting terrorism or not?

Friends,

Today, from West Asia to Europe, the whole world is surrounded by disputes and tensions. The humanitarian situation in Gaza is a cause of grave concern. India firmly believes that no matter how difficult the circumstances, the path of peace is the only option for the good of humanity.

India is the land of Lord Buddha and Mahatma Gandhi. We have no place for war and violence. India supports every effort that takes the world away from division and conflict and leads us towards dialogue, cooperation, and coordination; and increases solidarity and trust. In this direction, we are committed to cooperation and partnership with all friendly countries. Thank you.

Friends,

In conclusion, I warmly invite all of you to India next year for the BRICS Summit, which will be held under India’s chairmanship.

Thank you very much.