Indian Space Policy 2023

In News

About Policy

The policy lays down the roles and responsibilities of organizations such as the Indian Space Research Organisation (ISRO), NewSpace India Limited, and private sector entities.
- The government had earlier opened up the space sector for the private sector to help boost the development of the segment.
It is expected to provide a framework for the country’s space sector for the next decade.

Objectives and Need

It aims to boost the country’s space department’s role and give larger participation to research, academia, startups, and industry.

The Indian Space Programme

It is characterized by a vision to use space technology for national development.
It aims to establish operational space services in a self-reliant manner in the thrust areas of satellite communication, satellite-based resource survey/management, satellite navigation, satellite meteorological applications, and other emerging areas and to carry out sustained research and development in these areas.
The Department of Space (DOS) is responsible for the administration of the Indian Space Programme.
Indian Space Research Organisation (ISRO) is a premier research and development organization under the Department of Space.

Budgetary Allocations and FDI

The Department of Space expenditure has been slashed by 8% in the 2023-24 Union Budget, down to ?12,543.91 crores, from ?13,700 crores in the previous Budget estimate. However, this is 19% higher than the revised estimate from the last fiscal.
FDI in the space sector is allowed up to 100% in the area of Satellites-Establishment and Operations through Government route only.

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