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‘NewSpace in India will need private sector as co-traveller’ | India News


BENGALURU: To fulfill ambitions to “build”New space‘in India’ – to enhance India’s participation in the world space economy and become a space power to be reckoned with: India will need the private sector to be a traveling companion on the new journey, experts and stakeholders said at the international space conference and expo on Monday.
India, which has been formally pushing for reforms in the space sector since mid-2020, has already started to empower private industry in the space sector with a series of policy projects and the creation of the National Center for Space Authorization and Promotion of the India (In the space), the nodal agency that will promote, control, monitor and authorize the private sector.
Just last week, the Cabinet Appointments Committee (ACC) approved the formation of the IN-SPACe board with former Manindra and Mahindra Managing Director Pawan Goenka as chair.
Speaking at the conference co-hosted by the IIC, Isro, Antrix and New Space India Limited (NSIL), Isro President K Sivan said: “Internationally, collaboration is increasing in the sector and space can no longer be limited to government efforts in India. I am pleased that the industry, both large and small, is ready to support the efforts to create NewSpace. The Department of Space (DoS) sees startups as the new age industry partners and we will enable them to go global. ”
Sivan added that partnerships are necessary to sustain the space sector, which is highly capital intensive and complex, noting how the DoS, through its policies, infrastructure and technology sharing, among other things, is working to enable it. same.
IN-SPACe President-designate Pawan Goenka said: “In my new role, I am looking to set goals, define strategies, responsibilities and monitor them. India’s share of the $ 440 billion global space economy is less than 2% and this is something we will work to change. It’s too early to talk about a specific number. ”
Big stakes and global participation
Noting that investments in space startups in India are about $ 21 million, which is less than half a percent of global investments in space technology companies, Goenka said that while the regulatory framework and policy will work as enablers. , India will need the private sector. sector to make big bets and take risks to cross borders.
NSIL CMD Radhakrishnan D, said: “Space is a very complex and capital intensive sector that requires decades of effort to create an ecosystem that the DoS has made. For private entities to make a leap, it is important that they have access to such infrastructure and technologies, which we will ensure by working closely with the DoS and the private sector. ”
R Umamaheshwaran, Scientific Secretary, DoS and chair of the IN-SPACe interim committee, while noting that the response and enthusiasm from private industry was not only a revelation of the potential of the sector, but also reinforces the government’s vision to do make India self-reliant through increased private participation.
“Of the many proposals that we received and have been reviewing, we found a high level of innovation. And the important thing is that the proposals come both from downstream activities such as space applications and from bottom-up activities such as the construction of launch vehicles and satellites, ”said Maheshwaran.
Rajan Navani, Chairman of the CII India @ 75 Council, said that the IIC will provide full support to NSIL and will work closely together to turn opportunities into growth.
The virtual conference has 65 registered exhibitors and participation from eight countries, including Canada, Malaysia, Singapore, Israel, the United Kingdom and the United States. Australia is the partner country and the Netherlands is the guest country.
Gaganyaan and Oz Tracking Association
In an official statement, Australia said its delegation will be led by Anthony Murfett, Deputy Director of the Australian Space Agency, and will include more than 95 delegates representing Australian federal and state governments, leading companies in the space industry, academic institutions from world class, space creation. ups and incubators. Over the course of the conference, 17 Australian experts are expected to address various sessions.
Murfett said: “Australia and India have a strong history of collaboration, collaborating in space for over 35 years. We are particularly excited to support India’s ambitious Gaganyaan mission, supporting the follow-up of the mission from Australia’s Cocos (Keeling) Islands. ”

The TOI was the first to report that Australia will lead the government-to-government liaison for the Gagnayaan Tracking Terminal in the Keeling Islands on February 20.
A session dedicated to Australian countries will take place on 23 September, exploring opportunities for business collaboration between Australia and India with more government and high-level business involvement.

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