PARLIAMENT QUESTION: EXPANDING SATELLITE LAUNCH SERVICES

PARLIAMENT QUESTION: EXPANDING SATELLITE LAUNCH SERVICES

Post reforms in Space sector during June 2020, M/s. NewSpace India Limited (NSIL),   a CPSE under Dept of Space, has taken several steps across the space value chain to involve private industry and space startups in the country to increase India’s contribution to the global space economy.

Salient activities are highlighted hereunder:

The steps taken by NSIL, as detailed above, is envisaged to build the capacity in the Indian Space Industry to play an enhanced role in Domestic and International market and increase the Indian Space Economy on a sustainable manner. 

Indian National Space Promotion and Authorisation Centre (IN-SPACe) has also worked out the strategy to expand the India’s global share in satellite launch market.  As per this, it is expected to achieve 3.5 billion US$ contribution from launch segment in overall 44 billion US$ Indian space economy by 2033.

This information was given by the Minister of State for Personnel, Public Grievances & Pensions and Prime Minister’s Office Dr. Jitendra Singh in a written reply in the Rajya Sabha today.