Foreign firms keen to partner with Indian Space sector, new FDI policy in the works: ISRO Chairman Dr K Sivan

Dr Sivan emphasised that India’s private sector is playing a role in everything ranging from building rockets, satellites, offering space-based services and mission services. 

Chennai: Chairman of the Indian Space Research Organization (ISRO) Dr K Sivan on Monday (September 13) said that there is a lot of interest shown by foreign space firms in collaborating with the Indian space sector and that the new FDI (Foreign Direct Investment) Policy for the space domain is in the process of getting ready. Referring to the reforms that were introduced in the Indian Space sector in 2020, he said that space was no longer confined to the Indian government activities alone. He emphasised that India’s private sector is playing a role in everything ranging from building rockets, satellite, offering space-based services and mission services. “The Space FDI Policy is getting revised and it will open up a huge avenue of opportunities. Foreign companies can tie-up with Indian ones and this will enable the combine to be competitive with global space players. There is a lot of interest from abroad for collaboration” Dr. Sivan said.