The government has created Indian National Space Promotion and Authorization Centre (INSPACe) to encourage the participation of private sector in the space sector. Private players will be able to use ISRO infrastructure through INSPACe. The decision of the government was conveyed to the members of the scientific community elaborately and the scientific community has welcomed the decision.
The role of New Space India Limited (NSIL) would be to build launch vehicles, provide launch services, build satellites, provide space-based services and technology transfers.
There are more than 500 companies that partner with ISRO in carrying out space activities. The broad areas and sectors covered by private companies are providing materials, mechanical fabrication, electronic fabrication, system development and integration, said Union Minister of State Atomic Energy and Space Jitendra Singh while replying to a question in the Rajya Sabha on Thursday.
The government would allow private firms to utilize ISRO infrastructure at a reasonable charge.