The Indian Space Policy 2023 has been welcomed by experts as a positive step towards opening up the space sector to the private sector. However, some have expressed concerns that the policy does not go far enough in terms of liberalizing norms related to spectrum allocation and foreign direct investment (FDI).
The policy allows private players to undertake end-to-end space activities, including launching satellites, building launch vehicles, and providing space-based services. However, it does not specify how spectrum will be allocated to private players, or what the FDI limits will be.
Experts say that clear and transparent norms in these areas are essential to attract investment and innovation in the space sector. They also point out that the policy does not mention the role of the Indian Space Research Organisation (ISRO) in the new space ecosystem.
Overall, the Indian Space Policy 2023 is a positive step, but it needs to be further clarified and refined to fully realize its potential.
Here are some of the specific concerns that have been raised by experts:
- The policy does not specify how spectrum will be allocated to private players. This is a critical issue, as spectrum is a scarce resource that is essential for space-based services.
- The policy does not mention the FDI limits for the space sector. This is also a major concern, as foreign investment can help to bring in new technologies and expertise.
- The policy does not mention the role of ISRO in the new space ecosystem. This is important, as ISRO still has a significant role to play in the development of the Indian space sector.
Despite these concerns, the Indian Space Policy 2023 is a positive step towards opening up the space sector to the private sector. With some further clarification and refinement, the policy could help to attract investment and innovation in the space sector, and boost India’s global competitiveness in this field.