The story so far: Principal Scientific Adviser Ajay Kumar Sood stated earlier this month that the government would soon come up with a new space policy that could initiate the rise of India’s own “SpaceX-like ventures”. Mr. Sood stated that the proposed move would increase private sector participation in the industry. Consultations have already been held and the final version of the policy would soon be referred to the Empowered Technology Group for further examination. According to Mr. Sood, India has not tapped into its complete potential in this sector. “In 2022, the space sector is witnessing what the information technology sector experienced in the 1990s. We will have our own SpaceX (SpaceX is Elon Musk’s private space transportation company) in the next two years,” he said.
Why is development in the space sector important?
Enhancing space technology would be beneficial to bolster connectivity and combat climate-related implications through a more secure and effective means.
