This is an archive article published on May 20, 2022
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S Somanath: ‘Private players in space sector can boost defence, manufacturing’

ISRO is centrally funded and our annual budget is between Rs 14-15,000 crore and most of this is used in building rockets and satellites.

S SomanathS Somanath
Written by: Esha Roy
5 min readNew DelhiMay 20, 2022 06:22 AM IST First published on: May 20, 2022 at 04:51 AM IST

Minister of State for the Department of Space (DOS) Dr Jitendra Singh informed the Lok Sabha in the last Parliament session that the government was looking at opening the space sector to foreign direct investment.

Dr Singh had added that the Department of Space was in the process of revising existing policies to facilitate private sector participation in the space sector. S Somanath, Indian Space Research Organisation (ISRO) Chairman and Secretary, Department of Space, speaks to Esha Roy on plans that are afoot. Excerpts:

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* Why are the DOS and ISRO looking at bringing in reforms?

ISRO is centrally funded and our annual budget is between Rs 14-15,000 crore and most of this is used in building rockets and satellites. This is a drop in the ocean. The size of the space economy in India is small. To increase the scale of the sector, it is imperative for private players to enter the market. We are creating a new policy now that ends ISRO’s monopoly of the space sector in India. We will be sharing knowledge and technology, such as manufacturing rockets and satellites, to all those who want to. There have always been private players in the sector, but this has been entirely in manufacture of parts and sub-systems. We want to provide a fillip to industry to be able to manufacture rockets and satellites. The United States, Europe, Russia — all have space industries with big players like Boeing, SpaceX, Air Bus, Virgin Galactic, etc. There is no such ecosystem in India. This can in turn really boost defence systems and manufacturing. We have already begun the process and BHEL will form a consortium of various companies to manufacture a Polar Satellite Launch Vehicle (PSLV rocket) and ISRO will fund the first vehicle, which will be for training purposes.

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