Draft space law gives private firms a grip on rocket, satellite making

Isro sees a sweet spot in a revival of space activities by private players globally

India has come out with a draft space activities Bill focused on allowing private players to build satellites, rockets and space vehicles for domestic and global needs.

So far, most space activities has been government driven — developing satellites and launching these on homegrown rockets to create capacity for the country's needs. The lack of a space law was being seen as a hindrance to exploit the country's potential as a hub for global space activities by private firms, say experts.

"The enabling law gives confidence to private companies to take risks and invest in space activities in India," says