Sign In
Learn bits
Science & Tech.
Pradeep Kumar

06/07/21 11:20 AM IST

Space investors

In news

Potential foreign investors in India’s space sector are unsure if their licence applications would get ‘a fair consideration’ and are wary of a possible conflict of interest given that the Department of Space is both the sectoral regulator and a service provider by way of its role overseeing the Indian Space Research Organisation (ISRO).

Details
  • Observing that the reforms announced in June 2020 to open the sector to private investors were a significant departure from the ‘virtual monopoly’ of state-controlled ISRO and allied entities, the U.K. India Business Council said there was, however, a ‘lack of clarity’ about several aspects related to the procedures.
  • Foreign Direct Investment up to 100% has been allowed under the government route in satellite establishment and operation, subject to the sectoral guidelines of the Department of Space and ISRO.
  • The processes for authorisation to launch a satellite, the frequency allocation mechanism and even the details of different agencies involved in these clearances were not clear, the Council said, calling for the regulatory structure to be refined.
  • Indian National Space Promotion and Authorisation Centre (IN-SPACe), a newly created regulatory body, has received at least 26 applications from Indian and foreign firms that include proposals to set up ground stations and make and launch satellites.
Source: The Hindu

More Related Current Affairs View All

17 Sep

Reasons Behind the heavy rain in Uttarakhand, Himachal

'Dehradun and several other districts in Uttarakhand have experienced very heavy rainfall over the past few days, triggering landslides in multiple areas and causing rivers to swel

Read More

08 Sep

Rajasthan’s coaching centre Bill

'The Rajasthan Coaching Centres (Control and Regulation) Bill, 2025, is a significant piece of legislation passed by the Rajasthan Assembly to regulate and oversee the state's burg

Read More

28 Aug

IADT-1

'Recently, the Indian Space Research Organisation (ISRO) successfully carried out its first Integrated Air Drop Test (IADT-1), a crucial milestone in the preparation for the countr

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps