“It’ll guide the private industries in space activities through encouraging policies in a friendly regulatory environment,” said Jitendra Singh, minister of state for atomic energy & space. The Public Sector Enterprise ‘New Space India Limited (NSIL)’ will endeavour to re-orient space activities from a ‘supply driven’ model to a ‘demand driven’ model, thereby ensuring optimum utilisation of space assets. The government underscored that it will also hand-hold, promote and guide the private industries in space activities. Some of the planetary exploration missions will also be opened up to private sector through an ‘announcement of opportunity’ mechanism, the government added. India is among a handful of countries with advanced capabilities in the space sector.

Source: Hindustan Times June 24, 2020 10:30 UTC