Space sector reforms have been a key part of the reforms undertaken by Prime Minister Narendra Modi with public welfare as the goal. These reforms, approved by the Union Cabinet in June 2020.
Speaking on the occasion, Prime Minister Modi said this decision was taken as part of the long-term goal of making the country self-reliant and technologically stronger.
As part of these reforms, a new organisation called the Indian National Space Promotion and Authorisation Centre (IN-SPACe) was set up. Its main responsibility is to provide private companies equal opportunities to use the country’s space infrastructure and offer them proper guidance.
An example of these reforms is Hyderabad-based Skyroot Aerospace. Founded in 2018 by former ISRO scientists Pawan Kumar Chandana and Naga Bharath, the company made history in 2022 by launching the country’s first private rocket, ‘Vikram-S’. Recently, Prime Minister Narendra Modi virtually inaugurated the company’s Infinity Campus in Hyderabad and unveiled its first orbital rocket, ‘Vikram-1’. Skyroot’s Vice President of Branding, Marketing and Communications, Tejaswi Bhagavatula, said these reforms have been very useful for them.
