NEW DELHI: Bringing a paradigm shift in the space sector that till now had a government monopoly,
Union
finance minister Nirmala Sitharaman on Saturday announced the entry of the private sector in the country’s future inter-planetary and outer space explorations and allowed private companies to access the facilities and services of
Indian Space Research Organisation
(Isro).
While announcing structural reforms for the eight crucial sectors, the FM said, “India has the benefit of an extraordinary space institution such as Isro, which has brought the nation a lot of laurels. However today, the private sector is also doing a lot of work in the space arena. A lot of individuals and startups have spent a lot of time developing space-related technologies. Unfortunately, because of Indian regulations, they are unable to use Isro facilities for ev