Centre receives 27 proposals from private entities for undertaking various space activities in India

New Delhi, July 23: In a significant development in space-related ventures, Minister of State to Atomic Energy and Space, Dr. Jitendra Singh on Thursday informed the government has so far received 27 proposals from private entities for undertaking various space activities in India.

 

In a written reply to a question in the Rajya Sabha, he said, the types of proposals include building and launching of Launch vehicles, building, owning and operating Satellites, providing Satellites based services, establishing Ground segments, Research Partnerships, and providing Mission services.

 

 

"The global space economy is poised to grow over a trillion dollars in the next two decades. With the space sector reforms, Indian Private Space Industry is slated to contribute to the core elements of the global space economy ─ space-based services, launch services, manufacturing of launch vehicles and satellites, the establishment of the ground segment and launch infrastructure ─ to a considerable extent," the minister said in the statement.

 

The minister said the participation of the private sector including academic institutions, start-ups, and industries in end-to-end space activities is expected to expand the national space economy, generate more employment opportunities and create better manufacturing facilities.

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