India to Allow Startups, Private Firms to Build Rockets and Satellites,

startups and companies will be enabled to build rockets and satellites as well as provide launch services as India looks to open up the space sector to private players.

ISRO chairman said private industries can also be a part of science and inter-planetary activities and projects of ISRO, besides having opportunities to undertake research and development in the sector.

Finance minister Nirmala Sitharaman had also announced on May 16 that the government will open up space and atomic energy sectors to private players, levelling the playing field in space-based service

This has great opportunity for large-scale employment in the tech sector. The potential of the entire country can be utilised to scale up space technology.

 

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