Finance MInister of India Nirmala Seetharaman on Saturday ( 16.5.2020 ) announced giving a role to private sector in India's space programmes which include satellites, launch vehicles, launches and space-based services.
For boosting the private sector in Indian space activities, the Government of India will provide level playing field for private companies in satellites and launch vehicles and other services. The Government will provide predictable policy and regulatory environment to the private players, she said while announcing the fourth tranche of the economicc stimulus package.
The start-ups and private firms will get a chance to use ISRO facilities and assets. This was announced by Finance Minister, Nirmala Seetharaman as she announced reforms for eight sectors amid corona virus pandemic.
So the private sector will be able to use ISRO facilities and other relevant assets to improve their capacities. "The future projects for planetary exploration and outer space travel would be open for the private sector", the Finance Minister said on her fourth press briefing of policy decisions after Prime Minister Narendra Modi earlier this week announced a Rs. 20 lakhs crores stimulus.
