ISRO to encourage MSMEs and startups in space sector

ISRO to encourage MSMEs and startups in space sector

Indian Space Research Organization (ISRO) has stated that it is working with the Department of Space (DoS) on SEED (Space Enterprise Encouragement and Development), a proper framework to help startups and micro, small and medium enterprises (MSMEs) in advancement, research and product development.

The declaration was made by Dr K Sivan, Secretary DoS and Chairman ISRO.

This declaration comes barely months after he reported the formulation of another vertical, In-Space, which is intended to empower end to end private participation in India’s space program.

Speaking at an International Space conference on Ushering the new era in Indian Space Sector,’ Sivan referenced that an extensive Space Act and related Policies were in the pipeline.

The Conference was arranged by the Confederation of Indian Industry (CII) in association with Indian Space Research Organization (ISRO), Antrix Corporation Limited and upheld by NewSpace India Limited (NSIL).

“Entire gamut of activities is to be covered by policies and we are going to add Launch vehicle policy, space exploration policy etc. Existing space policies on satcom and remote sensing data policy are also being amended for greater inclusivity and transparency” Dr Sivan stated.

It is remarkable that with the new policies would clear path for insurance sector to deliver administrations in space, where insurance is a flat out need for satellites and launch services.

Making a particular notice of SEED, Dr. Sivan expressed that it was a competitive and beginning phase open door for MSME and startups to create products for ISRO, where ISRO would likewise offer side projects consequently.

According to, G. Narayanan Chairman and Managing Director (CMD), NewSpace India Limited (NSIL) there are many startups that have entered this field, preceding the changes they were declared a couple of months back.

He believed that large scale, autonomous production of space systems had not occurred in India in associations other than ISRO, presumably owing to the absence of specialized expertise.

However, he included that now with many retired ISRO officials accessible, participation and cooperation are simply the path ahead to make the nation self-reliant in the space sector.

The new policies that are supposed to be underway are vital for the genuine participation of private players into all areas of the Space sector in India.

As of now, different space specialists and entrepreneurs feel that the policies in India should be rebuild to give substantially more lucidity and business-friendliness to accomplish its capacity.

Leave a Reply

Your email address will not be published. Required fields are marked *