Space Policy 2022: Private entities will also get the responsibility of operating satellites
ISRO Chairman Dr S Somnath told that in the coming time the satellites to be sent to space will now be owned by private institutions.
Indian Space Research Organization (ISRO) Chairman Dr S Somnath said on Saturday that under the Space Policy 2022, satellites to be sent to space in future will now be owned by private entities instead of being owned by ISRO and Defense as before.
Let us tell you that Dr S Somnath further informed that the Small Satellite Launch Vehicle (SSLV) will be launched by the end of the month or in early August. Talking to media persons in Coimbatore, he said, “Government wants to reform the space sector. For this Space Policy 2022 has been prepared in which we are going to allow private entities to own and operate satellites. As of now, Imaging satellites are owned only by ISRO and defence. But now private entities can also operate them.”
Talking about investment, it will be 100 percent for Indian companies. He said that FDI would be regulated and government’s permission would be required if it exceeds 70 per cent. Private entities can also own, develop and launch rockets. They can even build a launch pad. Our goal is to create new avenues in the space sector.
He said, “Several missions are planned for this year. We will launch a recently developed Small Satellite Launch Vehicle (SSLV) by the end of this month or early August. Trials and trials are on for the Gaganyaan programme. ” ,
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