Page 24 - NIS English 16-30 September, 2023
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Cover Story India on the Moon
INDIA'S NEW SPACE POLICY-2023 100% FDI ALLOWED IN SPACE SECTOR
Indian Space Policy-2023 has been approved. The At present, 100% foreign investment is allowed in the
policy opens up the sector for greater participation space sector for establishment and operation of
of Non Government Entities in the overall value satellites. Also, consultation work is going on between
chain of the economy, while also clearly defining the concerned departments to review the guidelines
the roles of various stakeholders such as IN-SPACe, related to space sector in the FDI policy to facilitate the
ISRO, NSIL and the Department of Space. The policy participation of non-government companies.
envisages promoting technology transfer and
research innovation in the field of space through new SELF-RELIANT SPACE SECTOR
technologies, exploration missions, manned space
flight programs and promoting works of national IN-SPACe works as a single window system for online
interest. applications to enable and promote private entities to
INDIAN NATIONAL SPACE PROMOTION AND promote private investment in the space sector.
AUTHORIZATION CENTER (IN-SPACE) n ISRO: 177 foreign satellites were commercially
launched in 5 years.
n ISpA: Initiative to make India self-reliant and a global
leader in the space sector.
n The Department of Space has 31 space centers
across the country. These centers include ISRO,
autonomous bodies and public sector enterprises.
n India's first privately developed rocket 'Vikram-S',
launched in November, 2022. It was a sub-orbital
mission, it achieved an altitude of 90 km. The name of
this mission has been given as ‘Prarambh’.
The Central Government has constituted the Indian
n The government established New Space India Limited
National Space Promotion and Authorization Center
as a commercial arm of ISRO to provide satellite
(IN-SPACe) as a single window agency for promotion
launches, manufacturing, and mission support
and authorization of space activities.
services to other countries.
approach. India views technology as a tool to
accelerate the country's progress rather than
a medium to dominate. In the last nine years, a
solid foundation has been laid in the country to There was a time when India did not
inspire India's young minds to innovate. The Atal have the necessary technology, there
Tinkering Lab, which was founded a few years was no cooperation either. We were
ago, is now the innovation nursery. More than counted as 'Third World' countries.
10,000 Atal Tinkering Labs have been established From there today India has become
in 700 districts across 35 states. Approximately the 5th largest economy in the world.
60% of these Atal Tinkering Labs are now open Today, from trade to technology, India
in government and rural schools. Atal Tinkering
Labs now have over 75 lakh students working on is being counted among the countries
over 12 lakh innovation projects. The role of India's standing in the first row.
scientific power will be critical in determining
where India will be in the next 25 years. When the -NARENDRA MODI, PRIME MINISTER
22 New India Samachar September 16-30, 2023
