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Space technology startups want Centre to share insurance liability

Isro's risk liability on launches have been taken up by the government through a sovereign guarantee

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Space technology

4 min read Last Updated : Sep 17 2023 | 9:53 PM IST

Indian space companies, under the aegis of the Indian Space Association (ISpA), are in discussions with the government on a “shared liability” model for third-party liability insurance for domestic satellite and rocket companies.

Indian Space Research Organisation (Isro), the liability is taken by the government through a sovereign guarantee. In the case of the private sector, those who are wanting to offer services globally, have to pay up in case of any damages in space.

Lt General A K Bhatt (Retd), director general of the ISpA, says: “When private firms get into this business, some kind of insurance has

Topics : ISRO space technology Insurance Startup

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