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Regulations, ecosystem needed for growth of New Space in India: Antrix CMD

India's space programme is a low-budgeted one with little room for the industries to grow, says Antrix CMD

Antrix
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Antrix Corporation has started the transfer of technology process for small satellite technology, in order to enable the industry to design and supply technology

T E Narasimhan Chennai
Proper policy regulations, a separate regulator and an ecosystem that aids funding is the need of the hour for the growth of space startups, says Rakesh Sasibhushan, chairman-cum-managing director, Antrix Corporation. While some private players exist, the number of start-ups in the segment is still less considering the potential for space business in India. This is due to uncertainties in regulations and investments, he said.

In an article published in a peer review journal Indian Defence Review, he said globally the space industry is worth $360 billion, and the industry has emerged in many parts of the world with favourable policies