Private Sector Involvement in Space Agency | UPSC Science and Technology
ISRO(The Indian Space Research Organization) is a government run space agency in India. Also, ISRO also works with private companies to launch satellites, among other projects.
Private companies can work with ISRO in different ways. One way is through technology transfer. This means that ISRO shares its knowledge and technology with private companies so they can develop their own space-related products and services.
Another way that private companies can work with ISRO is through contracts. ISRO may hire private companies to build and develop certain components for space missions, like satellite hardware or ground stations. The private companies will be paid for their services.
In the past few years, ISRO has also been working to create a more robust ecosystem for private sector involvement in the space industry. In the year 2020, the Indian government has announced that private companies would be able to take part in all of the ISRO’s activities that includes launching satellites, and research development. It encourages more private investment in the space industry in India.
The involvement of private companies in ISRO’s projects can lead to innovation and growth in the space industry. Private companies bring new ideas and perspectives, as well as specialized expertise and technology. This can ultimately lead to benefit of both the private companies involved and ISRO, and also the Indian space industry all together.
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