Govt. Opens ISRO Facilities To Private Sector

ISRO has been India's crown jewel, but the government understands that private companies and startups in the advanced tech space such as GIS, IoT, Big Data, Satellite-based Technology, and Space Technology need to be boosted for further growth.

Govt. Opens ISRO Facilities To Private Sector
Image: ISRO

Govt. Opens ISRO Facilities To Private Sector

With the coming up of Lockdown 4.0, the government has been announcing Economic Packages for industries, businesses, and individuals across the country. Union Finance Minister Nirmala Sitharaman announced the final tranche of the relief package in a press conference in New Delhi. 

While the package is all set to bring relief to various sectors, a landmark revelation has come forward. In the press conference, the Finance Minister announced that private players in the space technology and satellite field will now be given access to ISRO's assets for creating a level playing field. 

ISRO has been India's crown jewel, but the government understands that private companies and startups in the advanced tech space such as GIS, IoT, Big Data, Satellite-based Technology, and Space Technology need to be boosted for further growth. The government aims to provide this support through access to ISRO's facilities and data, improved policy, and a conducive environment.

It was also said that future projects that involve outer space travel, exploration of other planets, and space travel would not be open to the private sector. The government also plans to make GIS and remote-sensing data more accessible by reducing the policy regulations and putting safeguards in place. This initiative has been taken to give tech entrepreneurs more benefits to enable innovation and economic growth.