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<ul><li><keyword id="153327" type="COMPANY" weightage="20" keywordseo="Antrix-Corporation">Antrix Corporation</keyword>, the commercial arm of the Indian Space Research Organisation (ISRO), has brought in a total of ₹62.98 billion in revenue. </li><li>The government plans to expand to commercial viability of its Departments of Space (DoS) by forming the <keyword id="7832818" type="UNKNOWN" weightage="20" keywordseo="new-space-india-limited">New Space India Limited</keyword> (NSIL).</li><li>Private players are still left out of the loop until the ‘<keyword id="7803428" type="UNKNOWN" weightage="20" keywordseo="Space-Activities-Bill">Space Activities Bill</keyword>’ is tabled in Parliament and passed by its members.</li></ul>The Indian Space Research Organisation’s (ISRO) arm of commercial operations, the Antrix Corporation, clocked in ₹62.98 billion (₹6,289 crore) in revenue from launching 239 satellites over the last three years. And, this might only increase in the future. The government already announced that they plan on increasing the commercial viability of the Department of Space (DoS) by replacing Antrix with <a href="https://www.businessinsider.in/union-budget-2019-isros-new-commerical-arm-is-new-space-india-limited/articleshow/70086097.cms">New Space India Limited (NSIL)</a>. NSIL will be set up to meet the ever increasing demands of the Indian space programme. It will also help commercially exploit the global space market, according to Jitendra Singh from the Prime Minister’s Office. Keeping costs low ISRO has an edge over its competition as it keeps its launch costs as low as possible — something that Elon Musk’s SpaceX is also trying to accomplish by employing reusable rockets. ISRO charges approximately $3 million per satellite launch where as SpaceX’s cost are still at around $60 million. In comparison, United Launch Alliance — which mostly launches satellites for the US government and the National Aeronautics and Space Administration (NASA) — charges upward of $100 million. But, <a href="https://www.businessinsider.in/india-low-cost-chandrayaan-and-mars-missions-come-at-a-price/articleshow/70226652.cms">keeping costs low comes with its own price.</a> Most of India’s missions, like Mangalyaan and the upcoming Gaganyaan, are technology demonstrators rather than long-term voyages which collect data. Private participation The market for space launches is getting increasingly competitive with private players entering the field globally. In India, only the public sector is allowed to launch rockets into space. Private participation, so far, has been limited to building components and technologies for ISRO, on a small scale. The Indian government is currently mulling over the <a href="https://www.businessinsider.in/india-space-activities-bill-addresses-damage-in-outer-space/articleshow/69960212.cms">‘Space Activities Bill’</a> to align its liability in outer space with international standards. Once the bill comes into place, it will allow private players to launch rockets with a government license. “ISRO, competent as it is, cannot be the only warden of India’s space ambitions and necessities. This role should be extended to the private sector just as other countries are doing,” according to Chaitanya Giri, a fellow with the space and ocean studies programme at Gateway House — the Indian council on global relations. (With IANS inputs) See also: <a href="https://www.businessinsider.in/india-low-cost-chandrayaan-and-mars-missions-come-at-a-price/articleshow/70226652.cms">India’s low cost space missions come at a price</a> <a href="https://www.businessinsider.in/union-budget-2019-isros-new-commerical-arm-is-new-space-india-limited/articleshow/70086097.cms">India forms a new space company to sell ISRO’s space technology products</a> <a href="https://www.businessinsider.in/india-space-activities-bill-addresses-damage-in-outer-space/articleshow/69960212.cms">India’s new ‘Space Activities Bill’ will fix the liability for damage caused in outer space</a>

ISRO’s commercial operations clock in over ₹60 billion in revenue but leaves private players out of the equation

Chennai, Indian private sector players wanting to provide communication service within and outside India using a space-based asset are liable for damages caused to other space objects in outer space and its environment, states the Draft Space Based Communication Policy of India-2020 (Spacecom Policy-2020) and draft Norms, Guidelines and Procedures for implementation of Spacecom Policy-2020 (Spacecom NGP-2020). According to the drafts released by the Department of Space (DOS), private players can provide communication services using space based assets within and outside India. As regards any damages that may occur to other space objects in the outer space the private service providers are liable for financial damages and they have to take care of that by providing financial guarantee or insurance cover. The extent of financial guarantee or the insurance cover will be determined by the Indian authorising/licensing body taking into account the risks involved in nature and operations of that space object in outer space. The DOS has called for comments on the draft policy by 4.11.2020. According to the draft Spacecom Policy-2020 any communication service within the Indian territory from space can be carried out only with an authorised space asset. Only Indian entities are eligible for obtaining space asset authorisation. As per the draft policy, any Indian entity can seek authorisation for use of space asset for communication within Indian territory. This authorisation addresses use of Indian orbital resource, non-Indian orbital resource, use of owned or leased space asset. The draft policy also proposes to allow Indian companies to establish ground system within Indian territory for monitoring and controlling space asset. While use of outer space for peaceful purposes is governed by the UN treaties and international conventions, use of orbital resources is governed by radio regulations of the specialised UN agency, the International Telecommunication Union (ITU). Government of India as member of such UN bodies has responsibilities and obligations towards use of outer space as a common province of humanity. Towards meeting this responsibility and obligation, it is essential that Government of India has the knowledge and provisions of having control on the activities with respect to any communication involving space objects from its territory and defines the roles and responsibilities for each of the stakeholders. This necessitates that the use of space based communication in any frequency of electromagnetic spectrum, to or from Indian territory, be permitted through a process of authorisation. Under the provisions of Spacecom Policy-2020, Indian entities can establish and operate satellite systems to provide capacity for communication services with authorisations. Indian entities can undertake design, development and realisation of satellites and associated communication systems. They can establish satellite system through their own built satellite or procured satellite. The Indian companies can establish telemetry, tracking and command (TT&amp;C) earth stations and satellite control centre (SCC) in or outside India. They can offer the capacity to commercial and societal communications within India as well as outside India. They can also supply their systems and solutions to international markets. Indian entities can avail Indian as well as non-Indian orbital resources to establish their space based systems for communication services over India and outside India. Indian orbital resources can be availed from designated public sector undertaking under DOS on commercial basis subject to availability. The authorised Indian entities can directly offer their capacities to customers. As per the proposed policy use of Non-Indian orbital resources shall be permitted subject to an appropriate arrangement by which such orbital resources are eventually brought under Indian administration, through Indian ITU filing. "The authorization requires a satisfactory commitment by the applicant through an appropriate arrangement with the concerned foreign administration which has the priority for the use of the proposed orbital resources. In case of a leased space asset, apart from the applicant, the operator of such asset shall also agree and commit for the arrangement of bringing the orbital resources eventually under Indian administration," the draft policy notes. The Spacecom Policy-2020 states that the Government of India shall: #Adopt measures to monitor and authorise use of space assets for communication to or from Indian territory. #Ensure protection of space assets already put in place and adopt measures to bring in more space assets under the administrative control for enhancing ability to utilize space based communication for national needs. #Promote increased participation of commercial Indian industry to provide space based communications both within the country and outside. #Concentrate on realisation of space based communication systems for addressing the requirements that cannot be effectively, affordably and reliably satisfied by commercial Indian industry either because of national security concerns or economic factors. #Provide a timely and responsive regulatory environment for the commercial Indian industry to establish and operate space based communication systems. It is an opportune time to enable commercial communication activities to be carried out by non-governmental Indian entities to not only meet Indian requirements but also enable them to become significant players in global space communication arena, the draft policy notes. SEE ALSO: <a href="https://www.businessinsider.in/tech/apps/news/twitter-ceo-is-facing-fire-from-india-after-a-map-showed-jammu-and-kashmir-as-part-of-china/articleshow/78805315.cms">Twitter CEO is facing fire from India after a map showed Jammu and Kashmir as part of China</a> <a href="https://www.businessinsider.in/careers/news/hcl-tech-is-bringing-employees-back-to-offices-weekly-once-to-start-with/articleshow/78802219.cms">EXCLUSIVE: HCL Tech is bringing employees back to offices — once a week to begin with</a> <a href="https://www.businessinsider.in/business/corporates/news/kumar-mangalam-birla-says-cement-industry-is-recovering-and-analysts-find-evidence-of-it-outside-ultratech-too/articleshow/78791281.cms">EXCLUSIVE: Billionaire Kumar Mangalam Birla is surprised by the rebound in infrastructure and construction in India</a>

India's Draft Space Communications Policy puts liability for damage to outer space objects on private sector players

<ul><li>The Indian government has just given its approval to set up a new company under the Department of Space. </li><li>The company will look at technology transfer as well as explore manufacturing opportunities with private players. </li><li>The space industry was a part of the Narendra Modi government’s Vision 2030, during the announcement of the Interim Budget in February. </li></ul>The space industry was part of the Narendra Modi government’s Vision 2030 announced during the recent interim budget. Now, the Indian Space Research Organization (ISRO) will be able to <a href="https://timesofindia.indiatimes.com/india/cabinet-oks-setting-up-of-firm-to-boost-commercial-exploitation-of-isros-rd/articleshow/68070011.cms">sell</a> its research and development work to further enable private players in India, according to an official release. The Indian government just gave its approval to set up a new company under the Department of Space to commercially exploit the research and development work carried out by ISRO and constituent units of DOS. This will give ISRO the opportunity to also explore manufacturing of small satellite launch vehicle with private sector players, productionisation and marketing of space-based products and services including launch and applications. Through the new company, ISRO will also look at the transfer of technology from its centres to private players for the latter to leverage on the same. According to official documents from the government of India, for technology transfer the new company will have to take license from DoS/ISRO and sub-license to industries. This is a landmark move as it will allow private companies access to breakthrough technologies that have remained in ISRO’s domain. ISRO has already been creating multiple hits in recent months. In late 2018, it put into orbit a whopping 31 satellites in one go and also <a href="https://www.business-standard.com/article/current-affairs/isro-wants-private-players-to-take-over-pslv-satellite-production-by-2020-118090600564_1.html">expressed </a>interest in working with private players. In January, ISRO chief K Sivan announced that under the Gaganyaan mission, a three-member team will be sent to space which could also include a <a href="https://www.businessinsider.in/isros-first-manned-space-mission-might-have-women/articleshow/67486206.cms">woman</a> astronaut. See Also: <a href="https://www.businessinsider.in/isro-is-to-trying-to-beat-elon-musks-spacex-success/articleshow/67550362.cms">India’s apex space agency is following Elon Musk's idea — and taking it a step forward</a> <a href="https://www.businessinsider.in/isros-first-manned-space-mission-might-have-women/articleshow/67486206.cms">India's first ‘manned’ mission to space may have women too</a> <a href="https://www.businessinsider.in/gsat-31-india-successfully-launches-its-40th-communication-satellite/articleshow/67861257.cms">India successfully launches its 40th communication satellite</a>

A new Indian government company will sell space technology to private players

<keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword>'s leading private space-tech company, Skyroot Aerospace has raised an additional $27.5 million, equivalent to ₹225 crore, in a pre-Series C funding round led by Temasek, a global investment company headquartered in Singapore. The present capital infusion builds upon the company's previous raise in 2022, bringing its total funding to USD 95 million, which is the largest ever for an Indian Space-tech startup. Skyroot plans to utilize the newly acquired capital to drive its next phase of growth through increased investments in infrastructure, reinforcement of its technology leadership, attraction of top-tier talent, and the enhancement of its launch frequency and capabilities, all while maintaining a lean and agile core team, the Hyderabad-headquartered company said in a statement. Founded in 2018 by space scientists-turned-space entrepreneurs, <keyword id="6364836" type="General" weightage="80" keywordseo="pawan-kumar" source="Orion">Pawan Kumar</keyword> Chandana and <keyword id="7537906" type="General" weightage="80" keywordseo="naga-bharath-daka" source="Orion">Naga Bharath Daka</keyword>, Skyroot is the country's leading private space launch vehicle company. In November 2022, it successfully launched India's and South Asia's first, and till date the only, privately developed rocket, marking Indian private space sector's entry into the space launch market. As the leading player in small and medium space launch vehicle designing and building in India's private sector, the company offers on-demand, cost-effective, reliable and regular space launch services to the fast-expanding global small and medium-sized satellite market, with satellite operators who look to deploy single or constellations of satellites across orbits as its customers. Skyroot was the first startup to sign a memorandum of understanding (MoU) with the <keyword id="116095" type="General" weightage="50" keywordseo="indian-space-research-organisation" source="Orion">Indian Space Research Organisation</keyword> (ISRO). The collaboration grants Skyroot access to ISRO's cutting-edge facilities and unparalleled expertise. Skyroot is poised to transform space launch capabilities of the country with its Vikram series of rockets, specially designed to deploy small and medium-sized satellites into space efficiently and reliably. "As we prepare for the launch of our second mission early next year, this new funding will enable us to accelerate our upcoming launches planned over the next two years. India's successful moon landing mission has reignited global interest in India's space prowess. As a key player in India's private space industry, we are amplifying our capabilities to tap into the expanding global satellite launch market with a goal to emerge as a favourite 'go-to' choice in space launch services for small satellites," said Pawan Kumar. Bharath Daka said this fund-raise would help the company to invest in the enhancement of production infrastructure, R&amp;D and team strength. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-and-suv-in-november-2023/slidelist/104817915.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-and-suv-in-november-2023/slidelist/104817915.cms" target="_blank">From the new Renault Duster to Tata Punch EV, upcoming cars launching in India this November</a> <a href="https://www.businessinsider.in/tech/news/delhi-woman-loses-50-lakh-in-sim-swap-scam-heres-how-you-can-stay-safe/articleshow/104745898.cms">Delhi woman loses ₹50 lakh in SIM Swap scam – Here’s how you can stay safe</a> <a href="https://www.businessinsider.in/tech/news/x-starts-rolling-out-audio-and-video-calls-heres-everything-you-need-to-know/articleshow/104716334.cms">X starts rolling out audio and video calls – here’s everything you need to know</a>

Space-tech company Skyroot raises ₹225 cr in pre-Series C funding

The Indian Space Research Organisation (<keyword id="6358064" type="General" weightage="20" keywordseo="isro" source="Orion">ISRO</keyword>) is chalking out the crucial tasks to be done in 2022 and the steps to be taken to increase the number of satellite launches and its manufacturing, said a top official. He also said the regulator for private space sector players Indian National Space Promotion and Authorisation Centre (INSPACe) having Ahmedabad as the headquarters has started hiring people for the top posts from ISRO. "ISRO is looking at the important tasks that can be done this year and the steps to be taken to increase the number of launches and also to increase satellite manufacturing," S.Somanath, Chairman ISRO and Secretary, Department of Space told IANS. According to him, the space agency will look at increasing the space missions with its rockets - Polar Satellite Launch Vehicle (PSLV), Geosynchronous Satellite Launch Vehicle (GSLV), upcoming Small Satellite Launch Vehicle (SSLV). Most of the launches get bunched in the second half of the year and ISRO is looking at expanding it. The Indian space agency has to launch OCEANSAT-3, INS-2B, ANAND- by PSLV-C53 and Micro SAT by the newly developed small rocket Small Satellite Launch Vehicle (SSLV) in May. Further, the launch of four ton communication satellite GSAT-24 is also scheduled during the first quarter of this year using Ariane 5 rocket owned by Arianespace. The space agency is also looking at the government policy to increase the manufacturing of satellites. It is said the government has put ISRO on hold from manufacturing satellites without signing up the users upfront. According to Somanath, the industry feedback on the various draft policies issued for the private and public sector players has been received and the final policies will be announced. Questioned about the Space Activities Bill, he said the Bill is being drafted incorporating INSPACe as the earlier Bill was drafted before the announcement of space sector reforms and the regulator for the private players. The Space Activities Bill is being drafted incorporating INSPACe. The earlier Bill did not have INSPACe. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/stock-market/news/itc-paytm-zomato-among-stocks-to-watch-on-march-16/slidelist/90249211.cms">ITC, Paytm, Zomato among stocks to watch on March 16</a> <a href="https://www.businessinsider.in/science/health/india-logs-2876-new-covid-19-infections-and-98-fatalities-in-last-24-hours/articleshow/90252569.cms" data-type="tilCustomLink">India logs 2,876 new COVID-19 infections and 98 fatalities in last 24 hours</a> <a href="https://www.businessinsider.in/politics/world/news/russias-reliance-on-humanitarian-corridors-in-ukraine-comes-from-its-playbook-in-syria-experts-say/articleshow/90245670.cms" data-type="tilCustomLink">Russia's reliance on 'humanitarian corridors' in Ukraine comes from its playbook in Syria, experts say</a>

ISRO to chalk out plans to increase number of launches, satellite manufacturing

Chennai, June 25 (IANS) The proposed Indian National Space Promotion and Authorisation Centre (IN-SPACe), part of space sector reforms aimed at bringing in private sector participation, will be a separate vertical under the Department of Space (DOS), said ISRO Chairman K.Sivan on Thursday. The Indian Space Research Organisation (ISRO) chief also said a new Navigation Policy is also being proposed. Suitable changes in Remote Sensing Data Policy as well as SATCOM policy are also on the anvil as a part of aligning them to an open and inclusive space sector. In an online address from Bengaluru, Sivan said the IN-SPACe as a separate vertical for permitting and regulating the activities of private industry in the space sector. He said IN-SPACe will have its own directorates for technical, legal, safety and security, monitoring as well as activities promotion for assessing the private sector's needs and further coordination of the activities. As to its structure Sivan said IN-SPACe will have a board and will have representatives from industry, academia and the government. On Wednesday the Union Cabinet under the Chairmanship of Prime Minister Narendra Modi gave its nod for the setting up of IN-SPACe to promote private sector participation in the space sector while making ISRO to focus on research and development (R&amp;D) of new technologies, exploration missions and human spaceflight programme. According to the government, IN-SPACe will also provide a level playing field for private companies to use Indian space infrastructure. The entry of the private sector in the space sector in a bigger way will create large job opportunities and prevent brain drain, the government said. Sivan said the major reform measure is to enable the private sector including academia to carry out end-to-end space activities viz, building of rockets and satellites, owning satellites, providing launch services and providing space based services on a commercial basis. Till now ISRO was the end-to-end player in the Indian space sector. With the government's decision to open up the space sector, the private sector can now play a larger role than being a component supplier, Sivan said. Sivan also said ISRO will also share its technological expertise with the private parties. According to Sivan, there was a need for a mechanism to allow the private sector taking into account the safety, security and also provide the ease of doing business. He said private sector players will apply to IN-SPACe and the latter will process the application and its decision is binding on ISRO. While it will take about 3-6 months for IN-SPACe to be in place, the private sector can send their applications to DOS. As regards NewSpace India Ltd (NSIL), a public sector unit under DOS, Sivan said its role is being re-defined to transform the approach of supply driven model to demand driven model for space based services. Sivan said NSIL will be strengthened and empowered to off-load operational activities of ISRO in the areas of launch vehicle and satellite production, launch services as well as space based services. The NSIL will execute these activities through industry consortiums. Sivan said this move will allow ISRO to allocate more time and resources for R&amp;D endeavours. The ISRO will continue to carry out its present activities with greater emphasis on development of advanced technology, missions and capacity building besides supporting private endeavours in space sector. --IANS vj/in

New navigation policy on anvil, IN-SPACe to be separate vertical: ISRO chief

President Droupadi Murmu, on Friday visited an exhibition to showcase space technologies and achievements, at Bharat Mandapam, on the maiden <keyword id="22301946" type="General" weightage="100" keywordseo="National-Space-Day" source="keywords">National Space Day</keyword>. Union Minister Dr Jitendra Singh and <keyword id="19915124" type="General" weightage="20" keywordseo="ISRO" source="keywords" meta.keywordsubtype="org" meta.entityname="ISRO" meta.hostid="153" meta.entityid="ISRO">ISRO</keyword> Chairman S Somanath were also present. <keyword id="19939985" type="General" weightage="20" keywordseo="President-Murmu" source="keywords">President Murmu</keyword> extended her greetings on the occasion of the first National Space Day and welcomed the decision to celebrate Space Day on the day <keyword id="19990220" type="General" weightage="20" keywordseo="Chandrayaan" source="keywords">Chandrayaan</keyword> landed on the <keyword id="19899207" type="General" weightage="20" keywordseo="moon" source="keywords">Moon</keyword>. "It was a glorious moment for all the Indians when ISRO's Chandrayaan landed on the moon. I saw the live telecast of that moment, I was so proud that day like other Indians. To celebrate National Space Day on this occasion is a commendable step. I congratulate all of you on the first National Space Day. ISRO has achieved many feats since its inception". She also expressed her happiness with the student's participation in the event "Happy to see students' participation in this event." Highlighting the significance of <keyword id="19929542" type="General" weightage="20" keywordseo="space-exploration" source="keywords">space exploration</keyword>, she added "Space exploration has extended human's ability and help complete the imagination of humankind. Space exploration is exciting and challenging at the same time. Health, transportation, environment, energy, security and information technology are benefitted due to the growth in the <keyword id="20242397" type="General" weightage="20" keywordseo="space-sector" source="keywords">space sector</keyword>". The president termed the growth of the ISRO as extraordinary, "The growth of <keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword>'s space sector is extraordinary, be it Mangalyan mission that was accomplished through minimum resources or launching more than 100 satellites at a time. we have achieved many such feats". She also praised the introduction of private players in the space sector in the country, "Introducing of the private sector in Indian has led to the formation of many <keyword id="22829456" type="General" weightage="20" keywordseo="space-start-ups" source="keywords">space start-ups</keyword> in India. This has allowed the youths of India to explore the space sector". Expressing her happiness about ISRO's plan to make <keyword id="20793131" type="General" weightage="20" keywordseo="space-mission" source="keywords">space mission</keyword> debris-free she said "I am happy that India is moving towards making India's space mission debris-free by 2030". India celebrated its first-ever National Space Day on Friday on the theme "Touching Lives While Touching the Moon: India's Space Saga". On 23 August 2023, India achieved a historic milestone when the Chandrayaan-3 lander completed a soft landing on the moon. This remarkable accomplishment made India the 4th country to accomplish this feat and the 1st to land on the lunar South Pole. In recognition of this achievement, Prime Minister Narendra Modi has declared August 23 as National Space Day.

"A glorious moment for all Indians when Chandrayaan landed on moon" says President Murmu on National Space Day

From launch vehicles to <keyword id="41531" type="General" weightage="100" keywordseo="space" source="Orion">space</keyword> tourism, India's space sector start-ups are set to soar after <keyword id="7537495" type="General" weightage="50" keywordseo="skyroot-aerospace" source="Orion">Skyroot Aerospace</keyword>'s maiden suborbital flight from the spaceport at Sriharikota on Friday. The Vikram-S rocket, developed over the past two years and built using 3-D printing technology, reached an altitude of 89.5 km. Chennai-based <keyword id="7122982" type="General" weightage="50" keywordseo="agnikul-cosmos" source="Orion">Agnikul Cosmos</keyword> is set to test its Agnibaan-1 in a suborbital flight sometime next month. "We plan to have the first launch of Agnibaan before the end of this year," Srinath Ravichandra, co-founder of Agnikul, told PTI. Earlier this month, Agnikul received a flight termination system from the <keyword id="119061" type="General" weightage="50" keywordseo="indian-space-research-organization" source="Orion">Indian Space Research Organization</keyword>, the first-ever such transfer for a launch vehicle developed by the private sector. As <keyword id="9750118" type="General" weightage="50" keywordseo="skyroot" source="Orion">Skyroot</keyword> and Agnikul focus on launching payloads in <keyword id="13468573" type="DOMAIN" weightage="20" keywordseo="orbit" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="orbit" meta.entityname="Orbit Multimedia Ltd." meta.entityid="5254" meta.seoname="orbit-multimedia-ltd">orbit</keyword>, <keyword id="15447669" type="General" weightage="50" keywordseo="space-aura-aerospace-technology-pvt-ltd" source="Orion">Space Aura Aerospace Technology Pvt Ltd</keyword> and <keyword id="15554246" type="General" weightage="50" keywordseo="astroborne-space" source="Orion">Astroborne Space</keyword> and <keyword id="222040" type="General" weightage="50" keywordseo="defence-technologies" source="Orion">Defence Technologies</keyword> are planning forays into space tourism and the development of crew modules and space suits, respectively. "We plan to set up India's first private astronaut training facility soon," Akshat <keyword id="13896424" type="DOMAIN" weightage="20" keywordseo="mohite" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="mohite" meta.entityname="Mohite Industries Ltd." meta.entityid="5048" meta.seoname="mohite-industries-ltd">Mohite</keyword>, co-founder and CEO of Astroborne Space and Defence Technologies said. "The maiden launch by a new start-up has significantly enhanced the credibility of Indian private space players around the globe. The capability that the sector has been claiming has been demonstrated in Space," <keyword id="12263484" type="General" weightage="50" keywordseo="indian-space-association" source="Orion">Indian Space Association</keyword> Director-General Lt Gen AK Bhatt told PTI. Bhatt said India's space economy was set to grow to USD 13 billion and the space launch segment was estimated to grow the fastest by 2025. It will be further spurred by growing private participation, the latest technology adoption and the low cost of launch services and this launch is a major landmark for this growth to take place in the coming years, he said. Inspired by Elon Musk's SpaceX, Mumbai-based Space Aura has begun developing a space capsule measuring 10 feet x 8 feet to ferry six tourists and a pilot into space. Space Aura CEO Akash <keyword id="1473207" type="DOMAIN" weightage="20" keywordseo="porwal" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="porwal" meta.entityname="Porwal Auto Components Ltd." meta.entityid="10373" meta.seoname="porwal-auto-components-ltd">Porwal</keyword> said he planned to have the maiden launch of the space capsule using a high-altitude balloon by 2025. The space capsule will be propelled by a balloon filled with helium or hydrogen gas up to 30 to 35 km above sea level where space tourists can witness the Earth's curvature and the blackness of space for around an hour, Porwal said. The space balloon will be slowly deflated and a parachute unpacked to bring down the spaceship. At a definite point, the space balloon will be detached from the capsule and the tourists brought down safely. Porwal said his company had identified two places in Karnataka and <keyword id="6355554" type="General" weightage="50" keywordseo="madhya-pradesh" source="Orion">Madhya Pradesh</keyword> from where the flight into space could be launched. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/space/news/vikram-s-marks-the-beginning-of-private-venture-in-indian-space-programme-with-maiden-success/articleshow/95598949.cms">Vikram-S marks "The Beginning" of private venture in Indian space programme with maiden success</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/news/iit-kanpur-researcher-develops-technology-to-turn-acs-into-air-purifiers/articleshow/95601694.cms">IIT Kanpur researcher develops technology to turn ACs into air purifiers</a>

From launch vehicles to space tourism, Indian space start-ups aim high

The recently announced <keyword id="9460361" type="UNKNOWN" weightage="20" keywordseo="space-sector-reforms">space sector reforms</keyword> are not aimed at privatisation of Indian Space Research Organisation (<keyword id="6358064" type="UNKNOWN" weightage="20" keywordseo="isro">ISRO</keyword>), its Chairman and Secretary in the Department of Space, K Sivan asserted on Thursday. The space agency also stated that the draft on the proposed space activity bill is almost final and it will soon be placed before the Union Cabinet for approval. "When space sector reforms were announced by the government there were many misconceptions like it would lead to privatisation of ISRO. It is not. Again and again I'm repeating it is not the privatisation of ISRO," Sivan said. Addressing a webinar on "Unlocking of India's Potential <keyword id="7412163" type="UNKNOWN" weightage="20" keywordseo="in-space">in Space</keyword> Sector," he said the whole aim of reforms is enabling the private players to carry out the space activities which is otherwise being done by ISRO. "In fact, the activities of ISRO are going to increase and ISRO will be able to better utilise its resources in taking up developmental as well as capacity building activities of the government, rather than the routine production activity," he added. The Union Cabinet on June 24 approved participation of the private sector in the entire range of space activities, including planetary exploration missions. It had said, the newly-created Indian National Space Promotion and Authorisation Centre (IN-SPACe) will provide a level playing field for private companies to use Indian space infrastructure, by hand-holding industries in space activities through encouraging policies and a friendly regulatory environment. Also, the New Space India Limited (NSIL), a PSU under the Department of Space, will endeavour to re-orient space activities from a "supply driven" model to a "demand driven" model, thereby ensuring optimum utilisation of our space assets, it had said. Noting that the space sector reform introduced by the government is going to be a "real game changer", Sivan said private sector participation in the space sector has been increasing worldwide and it is a healthy trend, as it increases diversity. In India too space sector startups are taking developmental activities in both launch vehicles as well as in satellites, he said. However, there was no mechanism available in the country to extend technology and infrastructure support to them. Also there was no regulatory mechanism to control the private sector activities, so an institutional mechanism has been created as part of reform. The webinar was attended by Principal Scientific Advisor to government of India K Vijay Raghavan, Mahindra Group Chairman Anand Mahindra, Bharti Enterprises Chairman Sunil B Mittal among others. Further observing that with the opening of the space sector, ISRO can focus on technology development and capacity building Sivan said in addition to that it will also facilitate private sector participation in major national missions through announcement of opportunity. However, the private sector will have to do their own research and development activities, business viability studies, funding as well as finding customers for their services, he said. Pointing out that import of communication satellites is now in the embargo list under 'Aatma Nirbhar Bharat Abhiyan', the ISRO Chief said there will be a need for large number of communication satellites to be launched in the immediate future and this could be a huge opportunity for ISRO and also for the private sector. Launching a small satellite is another area where there is a huge projected demand and some startups are interacting with ISRO at an advanced stage and may launch very soon. According to ISRO officials, more than 500 industries are currently involved in activities such as production of components and more than 80 per cent of the launch vehicle and 60 per cent of the spacecraft budget is spent on industry. Scientific Secretary to ISRO, R Uma Maheshwaran said participation of the private sector in end-end space activities is definitely a strategy to expand the space economy. Noting that the private sector is much eager now, he said a lot of people are coming forward to make launch vehicles, and satellites and providing space based services. Uma Maheshwaran also said a mechanism is required regarding the indulgence of the private sector and for this, enactment of the space activity bill is a primary requisite. "It (bill) is almost in its final shape now, we have presented it to the Ministry (PMO) for inter-ministerial consultation and we feel that very soon it will be approved by the Cabinet and presented to the Parliament for making it an act. This is mandatory as India is signatory to the outer space treaty," he added. Vijay Raghavan, noting a lack of risk capital for industry to sufficiently invest in R&amp;D, said risk needs to be mitigated and for this the combination of talent and material resources, partnering with industry is needed. The opening of the space sector in India will have its impact globally, and also all sectors in India, he said adding that ".. this is an opportunity to increase volume and quality in extraordinary ways." Suggesting that space may well become the new "gold rush", Anand Mahindra said though India has an established and credible space programme, its share of the market is miniscule and he was sure that beginning now it will change with the entry of the private sector. "... it is our opportunity to level the playing field, by leveraging our competitive advantages and we have to seize it now," he said, while admitting that industry and private sector are often "uneasy bedfellows", but we have to make these reforms work as it is the best way forward". Sunil Mittal stressed on the need for the policy on participation of private sector in space programme to be "light-touch" but said it should be very strong on security, foreign policy aspects and some of the guidelines need to be very clear so that industry participants know how to operate within the policy framework. 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