ISRO is a homegrown Indian success story often literally pushing against the edges of our universe, inspiring millions of people. But there’s room for it to do more.
Despite the potential, India’s share of the global $400 billion space market is less than 0.01%. How can we accelerate the growth of a much-needed space start-up ecosystem?
By assessing the challenges facing the industrialisation and marketing of the PSLV, we can get a clearer picture of what India needs to do become a bigger commercial operator than it currently is.
The Bill fails to address specific space-based activities separately, instead trying to cover large swaths of the space value chain in one go. It will not do justice to the entrepreneurial community if it is implemented as is.
‘When the countdown sequence hit T-minus-zero and the vehicle lifted off, it was as though the Sun had bounded over the horizon and stopped right in front of our eyes.’
This time, it’s not one country against another as much as one enterprise against another, trying to capture the commercial value that space exploration brings along.
In the present model of engaging the local space industry in India, there is no extensive commercial exploitation of space infrastructure due to lack of deregulation and privatisation.
The government aims to use space technologies for a variety of public services. To realise this, ISRO needs enough funds to meet the demand for space vehicles and launches, and invest in technological research.
We are sitting on a host of possibilities for generating multiplier effects across academia and industry, and benefit the country over a longer timespan, but aren’t taking advantage of them to the fullest.