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Cabinet Approves Indian Space Policy 2023: Agrees to include private sector to boost development.

The Union Cabinet on Thursday (07) approved the Indian Space Policy, 2023 under which roles and responsibilities of organisations such as ISRO, NewSpace India Limited and private sector entities have been laid down.

The Indian Space Policy was approved by the Cabinet Committee on Security chaired by Prime Minister Narendra Modi.

The policy includes the provision of opening up the space sector for the private sector to help boost development of the segment. This would enable the ISRO to channelise its focus on research and development of advanced space technologies.

The policy also delineated the roles and responsibilities of ISRO, space sector PSU NewSpace India Limited (NSIL) and the Indian National Space Promotion and Authorization Center (IN-SPACe).

Source: www.outlookindia.com

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