image

Indian Space Association

About Indian Space Association

Facebook IconLinkedIN Icon

What are Indian Space Association?

Indian Space Association (ISpA), established in December 2020, is the premier industry association of space and satellite companies. Prime Minister Narendra Modi launched the ISpA on October 11, 2021.
 
The industry association will act as an independent and “single-window” agency for enabling the opening up of the space sector to start-ups and the private sector, according to the government agenda.
The industry association is represented by leading indigenous and global corporations with advanced capabilities in space and satellite technologies that are charting the future of last-mile connectivity in India.
 
It will be headed by retired Lieutenant General A K Bhatt as its Director-General, while Jayant Patil, senior executive vice president, defence, L&T-NxT, will serve as the chairperson.
 

Composition

Its founding members include Larson & Toubro (L&T), Nelco (Tata Group), OneWeb, Bharti Airtel, Mapmyindia, Walchandnagar Industries and Ananth Technology Limited.
 
Other core members include Godrej, Hughes India, Azista-BST Aerospace Private Limited, BEL, Centum Electronics and Maxar India.
 

Aim and objective of ISpA

ISpA aspires to be the collective voice of the Indian space industry, it aims to undertake policy advocacy and engage with all stakeholders in the Indian space sector, including the government and its other agencies, NewSpace India Ltd (NSIL) and Indian National Space Promotion and Authorisation Centre (IN-SPACe), among others.
 
ISpA seeks to make India self-reliant, technologically advanced and a leading player in the space arena.
 
The organisation will support space start-ups and will work towards facilitating and enabling private companies to work in coordination with IN-SPACe and Indian Space Research Organisation (Isro).
 
The association aims to formulate an enabling policy framework that fulfils the government's vision of leading commercial space exploration and space-based communication.
 
The Indian Space Association also seeks to work towards building global linkages for the Indian space sector to bring in more investments and develop critical technology to create more high-skilled employment.
 
ISpA will also focus on the creation of space hubs and incubators and capacity building in the country for private space start-ups.

Here are the latest news from Business Standard

Latest News

US, Iran sign peace MoU to end 108-day war; Hormuz hopes set sail

Energy supplies via the Strait to resume slowly after formal deal on Friday

Updated On: 15 Jun 2026 | 11:30 PM IST

Spain vs Cabo Verde HIGHLIGHTS FIFA WC 2026: Vozinha shines as Cabo Verde held Spain for a 0-0 draw

Spain vs Cabo Verde HIGHLIGHTS: The European champions controlled the tempo from the outset, but were unable to score a goal as Cabo Verde forced them to share one point each

Updated On: 15 Jun 2026 | 11:29 PM IST

Mumbai's redevelopment pipeline could unlock homes worth ₹1.5 trn by 2031

Knight Frank India estimates Mumbai's redevelopment pipeline could generate nearly 59,000 new homes worth around ₹1.5 trillion by 2031, with suburban markets leading activity

Updated On: 15 Jun 2026 | 11:28 PM IST

Sebi may bring back open-market buybacks in June 19 board meeting

The regulator may also consider reforms for agri-commodity derivatives, easier AIF approvals, and relaxed borrowing norms for mutual funds

Updated On: 15 Jun 2026 | 11:27 PM IST

Small cars, SUVs drive passenger vehicle sales to record high in May

Scooters powered highest-ever 2W volumes, shows Siam data

Updated On: 15 Jun 2026 | 11:26 PM IST

Novartis brings India's first 'guided missile' therapy for prostate cancer

Novartis launches Pluvicto, a precision treatment that delivers radiation directly to cancer cells

Updated On: 15 Jun 2026 | 11:23 PM IST

RBI allows banks to open repatriable rupee accounts for overseas investors

Move operationalises Centre's decision to expand direct equity investment access beyond NRIs and OCIs

Updated On: 15 Jun 2026 | 11:23 PM IST

Medical costs up, ICICI Lombard makes a case for higher health cover

The insurer said customers should consider higher sums insured to keep pace with rising treatment costs, while stressing that the final decision rests with policyholders

Updated On: 15 Jun 2026 | 11:21 PM IST

Unemployment rate in May rose to 11-month high of 5.5%, shows PLFS data

The labour force participation rate fell to an 11-month low in May, while the worker population ratio also declined, indicating softer labour market conditions

Updated On: 15 Jun 2026 | 11:21 PM IST

NBFCs can distribute insurance products without seeking RBI approval

New framework permits insurance distribution subject to Irdai approval and lays down safeguards for sale of third-party financial products

Updated On: 15 Jun 2026 | 11:20 PM IST

Mercedes to expand PHEV line-up as buyers still prefer conventional cars

Mercedes-Benz India said plug-in hybrids could play a bigger role in its portfolio as most luxury-car buyers continue to favour conventional powertrains despite rising electric-vehicle adoption

Updated On: 15 Jun 2026 | 11:20 PM IST

RBI tightens norms on bundled products; lenders to refund for mis-selling

New framework mandates explicit customer consent, bans dark patterns and requires lenders to compensate customers in cases of mis-selling

Updated On: 15 Jun 2026 | 11:19 PM IST

Datanomics: Petrol price index crosses 100 for first time in new series

Petrol and diesel inflation accelerated in May 2026 as repeated fuel price hikes pushed CPI indices above 100, driven by rising global oil market pressures

Updated On: 15 Jun 2026 | 11:17 PM IST

Angel One pays ₹4.28 cr to settle case on stock brokers' norms' violation

Stock broker Angle One has settled a matter with Sebi by paying ₹4.28 crore over alleged lapses in monitoring authorised persons. It had sent show-cause notice to Angle One in May 2025

Updated On: 15 Jun 2026 | 11:15 PM IST

Dubai property market lures bargain hunters despite West Asia situation

Dubai's residential property market continues to attract buyers despite the West Asia conflict, with some investors viewing price corrections as an entry opportunity

Updated On: 15 Jun 2026 | 11:12 PM IST

Waaree Energies gets shareholders' nod to raise up to ₹10,000 cr via QIP

Waaree Energies wins shareholder approval to raise up to ₹10,000 crore through a QIP, strengthening its capacity for expansion in India's fast-growing solar sector

Updated On: 15 Jun 2026 | 11:09 PM IST

UK, Europe holiday travel picks up as airlines slash seats to Asia

Foreign airlines are filling in the void by flying bigger aircraft from India

Updated On: 15 Jun 2026 | 11:07 PM IST

Razorpay moves closer to market debut with confidential IPO filing

The fintech major has confidentially filed draft papers with Sebi for an IPO that could raise ₹5,000-6,000 crore and value the company at up to ₹60,000 crore

Updated On: 15 Jun 2026 | 11:07 PM IST

Imports surge in May keeps trade gap elevated despite record-high exports

India's merchandise exports rose 18 per cent year-on-year in May to a record-high of $45.20 billion, driven by strong petroleum and engineering goods exports, and recovery in shipments to West Asia

Updated On: 15 Jun 2026 | 11:02 PM IST

Voice AI could bridge the gap between India's AI haves and have-nots

Voice artificial intelligence is the missing link that will help bridge the gap between AI haves and have-nots. Here's why-

Updated On: 15 Jun 2026 | 11:01 PM IST