27 proposals from private entities were received so far for undertaking various space activities in India, said Dr Jitendra Singh, who is Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space.
In a written reply to a question in the Rajya Sabha, he said, the types of proposals include building and launching of Launch vehicles, building, owning and operating Satellites, providing Satellites based services, establishing Ground segments, Research Partnerships and providing Mission services.
Last year in January, ISRO had announced that private companies including start-ups will be allowed to take part in India's space activities including planetary exploration.
The global space economy is poised to grow over a trillion USD in the next two decades. With the space sector reforms, Indian Private Space Industry is slated to contribute to the core elements of global space economy ─ space-based services, launch services, manufacturing of launch vehicles and satellites, establishment of ground segment and launch infrastructure ─ to a considerable extent.
Participation of private sector including academic institutions, start-ups and industries in end-to-end space activities is expected to expand the national space economy, generate more employment opportunities and create better manufacturing facilities.
Participation of private sector including academic institutions, start-ups and industries in end-to-end space activities is expected to expand the national space economy, generate more employment opportunities and create better manufacturing facilities.
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