India's Space Sector: Privatization and Future Prospects

ISRO, the Indian Space Research Organisation, has been at the forefront of championing privatization measures through policy development. This encompasses extending space operations beyond state-financed endeavors and promoting private-sector engagement. ISRO has begun outsourcing the satellite operators to private companies like Antrix Corporation, which has opened the gates for private organizations to compete in operating the satellites globally.

Commercial Satellite Launches: As the application of space technology advances across the world, India’s private sector has entrepreneurial initiatives such as Skylark Aerospace, Agnikul Cosmos, and others to build proficiencies for cost-effective satellite launches. They found that private companies are interested in working in the fields of remote sensing, data analytics, and EO applications, which have greater commercial prospects in agriculture, urban planning, disaster management, etc. Although the concept of space tourism is in its infant stage, there is future scope for India to get into the space tourism segment through private ventures to provide suborbital and orbital tourism. CPT and Indian private enterprises are gradually entering into strategic partnerships with global players that would have a positive impact on technology acquisition, market opportunity, and competition. Modern India is teeming with start-ups that are fuelling innovation in the space sector, particularly miniature satellites, propulsion systems, etc.

ISRO is planning to create its own Space Center from 2030 at Space and our ISRO has the plan to clean up all the Waste of Space by the approximate year 2035. Now that NASA and ISRO have launched this program, 4 Indians will be sent to space, and 2 of them will be trained at NASA. This was the first time that four persons from Indias were going to space.