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

Equities, rupee brace for market volatility amid West Asia conflict

Experts say the pause in negotiations has reintroduced a layer of uncertainty, particularly around crude-oil prices, which remain a key monitorable for the markets

Updated On: 12 Apr 2026 | 11:37 PM IST

Bankers see merit in RBI's one-hour e-payment lag despite cost concerns

Bankers support RBI's proposal for delayed digital payments to curb fraud, but flag infrastructure costs and suggest raising the threshold from Rs 10,000 to Rs 25,000

Updated On: 12 Apr 2026 | 11:35 PM IST

Smart pumps power nuclear energy growth in India's clean energy shift

Smart pumps power India's nuclear leap as Kalpakkam Fast Breeder Reactor achieves criticality, marking a milestone in clean energy ambitions

Updated On: 12 Apr 2026 | 11:31 PM IST

MI vs RCB LIVE SCORE, IPL 2026: RCB on top with quick wickets; Naman Dhir departs

With the Wankhede Stadium gearing up for tonight's marquee fixture, MI will be aiming to bounce back after suffering consecutive losses.

Updated On: 12 Apr 2026 | 11:31 PM IST

Lightstorm eyes IPO, AI-led growth on Cloud and data centre connectivity

I-Squared Capital, NIIF-backed fibre and connectivity provider set to invest $100-200 mn in network for AI hyper growth

Updated On: 12 Apr 2026 | 11:30 PM IST

Here Where We Live Is Our Country: What is Judaism without Zionism?

As debates over Zionism intensify, a new book revisits the Jewish Labour Bund, offering an alternative vision of Jewish identity rooted in "hereness" and solidarity

Updated On: 12 Apr 2026 | 11:23 PM IST

Donald Trump vows to block Hormuz after US-Iran peace talks fail

Vance said Iran had chosen not to accept American terms, including not to build nuclear weapons

Updated On: 12 Apr 2026 | 11:20 PM IST

Call for a basic plan: Telcos must also offer non-data plans for users

Trai pushes telcos to offer cheaper voice-SMS plans, aiming to improve affordability and digital inclusion amid rising concerns over pricing and limited competition

Updated On: 12 Apr 2026 | 11:18 PM IST

Risks persist: Fog of uncertainty descends as Iran-US negotiations fail

Failed US-Iran talks and continued Hormuz blockade deepen global uncertainty, with fragile diplomacy offering only limited hope amid escalating geopolitical tensions

Updated On: 12 Apr 2026 | 11:11 PM IST

Iran war prompted India to change crude formula to fix 3-year inaccuracy

Old formula did not represent the price paid by Indian refiners

Updated On: 12 Apr 2026 | 11:08 PM IST

West Asia conflict: India, UAE discuss energy ties, regional security

Jaishankar meets UAE leadership, thanks them for support to Indian diaspora amid West Asia tensions, as Pakistan eyes Qatar replacing UAE as creditor

Updated On: 12 Apr 2026 | 11:06 PM IST

West Asia war: OMCs face renewed pressure as US-Iran peace talks collapse

Indian vessel carrying nearly 20,400 tonnes of LPG crossed Hormuz on April 11

Updated On: 12 Apr 2026 | 11:04 PM IST

Everyone loves a good GST: Politicians understand the flaws in system

India's GST needs urgent reform as structural flaws-multiple rates, exemptions, and broken credit chains-continue to hurt growth, investment, and exports

Updated On: 12 Apr 2026 | 11:03 PM IST

CBDT urged to issue master circular on legacy tax guidance in new I-T law

Experts flag ambiguity over applicability of legacy circulars under the new Income-tax Act, 2025, seeking clarity to reduce disputes and ensure uniform compliance

Updated On: 12 Apr 2026 | 11:02 PM IST

The question of energy in times of West Asia war and global disruption

War-driven oil disruptions are reshaping global energy markets, accelerating the shift to renewables while exposing deep vulnerabilities in energy security worldwide

Updated On: 12 Apr 2026 | 11:02 PM IST

Zero tolerance for harassment, staff accused in Nashik case suspended: TCS

The clarification comes in the wake of allegations of sexual harassment and forced religious conversion by eight female employees at the multinational company's office in Nashik

Updated On: 12 Apr 2026 | 10:59 PM IST

Physical AI explained: Why a bigger shakeup may be round the corner

AI brings intelligence directly into physical systems, allowing them to perform tasks with precision and responsiveness

Updated On: 12 Apr 2026 | 10:58 PM IST

₹5 trillion power transmission projects under bidding and execution

Projects worth ₹5 lakh crore are underway to strengthen transmission capacity as India targets 500 GW non-fossil capacity, amid challenges such as right-of-way and supply constraints

Updated On: 12 Apr 2026 | 10:55 PM IST

Consumer durables' Q4 results may show impact of war, March rainfall

Rising input costs and unseasonal March rains hurt consumer durables demand in Q4FY26, with margin pressures expected to persist despite modest growth outlook

Updated On: 12 Apr 2026 | 10:53 PM IST

IPL 2026: Why Virat Kohli not fielding during match against Mumbai Indians?

Rohit left the field during the innings, while Virat Kohli was off the field and seen in the dressing room instead of taking part in fielding duties.

Updated On: 12 Apr 2026 | 10:52 PM IST