Sivan said ISRO was also planning to launch Geosynchronous Launch Vehicle GSLV-F10 carrying earth observation satellite.
The space agency said it is also looking at paving the way for the insurance sector to render services in the space domain.
Top Indian Space Research Organisation (ISRO) scientists on Thursday stressed on the significance of India’s Space Activities Bill.
A dedicated policy for space and legislation on space activities has been under works for some time now. But with the govt allowing the private sector, these have now got traction.
Thousands of engineers pass out each year and many migrate to other countries due to limited opportunities within the country, Sivan said.
The Cabinet on Wednesday approved participation of the private sector in the entire range of space activities, including planetary exploration missions.
So far, the national space agency has been tight-lipped about what caused the last-minute glitch which denied India the credit of becoming the fourth nation to soft-land on the moon's surface.