Indian Space Policy 2023: Now Private Companies Can Also Enter In Space
In a significant move, the Indian government has announced its new Space Policy 2023, which now allows private companies to enter the space sector. The decision aims to promote private sector participation and investment in the country's space programs. Previously, the Indian space sector was solely controlled by the government's space agency, the Indian Space Research Organization (ISRO). However, the new policy allows private players to participate in various space-related activities, such as building rockets, and satellites, and providing launch services. The new policy comes with several benefits for the Indian space sector. Firstly, it will increase competition, which will help drive innovation, reduce costs, and improve the quality of services offered. Secondly, it will encourage private investment, which will help create jobs and boost the country's economy. Lastly, it will help India compete with other countries in the global space race. To ensure private players...