Enormous Scope Of Tie-Up With Foreign Companies In Space Sector: ISRO Chief

After initiating reforms in the space sector, the Department of Space has received 40 applications, mostly from start-ups, for utilising ISRO's facilities and each proposal is being looked into

The reforms initiated by the government in the space sector and the liberalisation of FDI norms will ensure a sustained engagement between Indian and overseas companies which will greatly benefit both, ISRO chairman K Sivan said on Monday. After initiating reforms in the space sector, the Department of Space has received 40 applications, mostly from start-ups, for utilising ISRO's facilities and each proposal is being looked into. The DoS is assessing the requirements of each of the applications, he said. "Our space FDI policy is getting revised and this will open up huge avenues of opportunities for foreign space companies to invest in India. This will ensure a sustained engagement between Indian and overseas companies which will greatly benefit both," Mr Sivan said. He was speaking at the International Space Conference organised by the Confederation of Indian Industry (CII).