Indian firms want a strong Space Act

The private sector is looking forward to a Space Act, a robust policy that would solidify rules and regulations to enter the space sector.

Published: 20th November 2019 06:37 AM  |   Last Updated: 20th November 2019 06:37 AM   |  A+A-

Delegates greet each other at a stall during the tech summit | Vinod Kumar T

By Express News Service

BENGALURU: The private sector is looking forward to the Space Act, a robust policy that would solidify rules and regulations to enter the space sector.

Rahul Narayan, founder of TeamIndusLead, a Bengaluru-based firm, said companies were still struggling to commercialise aerospace. He told TNIE that with government policy in place, companies were looking at a certain amount of predictability. This would help people know the cost, application fee, who can apply etc, he believed.

Nitin Pai, co-founder and director, Takshashila Institution, believes the draft Science Policy Bill to be a “terrible one”, adding that attempts are being made to bring in a development-oriented space policy.
“We need to talk to our political leaders to get this bill in place. It is critical to the success of the industry,” he said.

While businesses like launch systems — to haul stuff into space — emerging, Pai averred that the driver of international industry is space mining and setting up habitats in space — and that must be among the focus areas. Tanuj Bhojwani, fellow at iSPIRT Foundation, agreed that entrepreneurs ought to think what can be done in the next 5 years and even 30 years, to make their business sustainable.

Sridhar, director of Ananth Technologies, believes that space tourism is yet to take off in a big way in India, especially as the focus was on carrying out space activities for socio-economic impact. No project has been identified for space mining, he added.

Stay up to date on all the latest Bengaluru news with The New Indian Express App. Download now


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp