Indian Space Association
The industry association will act as an independent and a “single-window” agency for enabling the opening up of the space sector to start-ups and the private sector
ISpA will also work towards building global linkages for the Indian space industry to bring in critical technology and investments into the country to create more high- skill jobs
The current global space economy is estimated at US$
360 billion, with India accounting for ~2% (US$ 7 billion)
In the global space market, rocket and satellite launch services, an area in which ISRO specialises, amount to only 5% share whereas satellite-based services and ground-based systems account for the remaining 95%.
Several private companies are developing plans to take paying customers to space on a regular basis leading to a rapid growth in space tourism industry.
Key Differences in aims and objectives of various organizations:
• Antrix will handle ISRO’s commercial deals for satellites and launch vehicles with foreign customers.
• NSIL will deal with capacity building of local industry for space manufacturing
• The main objective of NSIL is to scale up industry participation in Indian space programmes in comparison to IN-SPACe which gives emphasis on the participation of the private sector
• However, NSIL is also doing commercial deals.
