With India allowing private companies to operate within the premises of Indian Space Research Organistaion (ISRO), this is expected to create huge opportunities for the country’s fledgling aerospace start-ups. These could range from building and launching rockets and satellites to providing space services commercially and even being part of planetary exploration missions, say industry insiders.
ISRO has said Indian National Space Promotion and Authorisation Centre (In-SPACe), the new nodal agency which was approved by the Cabinet this week, will take six months to start functioning. In-SPACe will drive the building of satellites, rockets, or launch services through Indian industry.
Speaking to reporters,