News Desk, Tech for FTCP, New Delhi / Bangalore
Updated Thu, 20 Aug 2020 05:40 PM IST
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There have been many misconceptions like privatisation of ISRO. I want to state that there is no privatisation of ISRO. In fact, the whole mechanism is enabling private people to carry out space activities, which are otherwise done by ISRO: K Sivan, ISRO Chief https://t.co/dIDCDUrknU pic.twitter.com/JrTUQvyqmx
– ANI (@ANI) August 20, 2020
In fact, in a webinar organized on 'Unleashing India's Potential in Space Sector', Dr. K Sivan said that by opening the doors of space sector to private companies, ISRO will focus more on technology development and capacity expansion. Currently, ISRO also undertakes research and development as well as construction of launch vehicles and satellites.
The government has announced the opening of the space sector to private companies. The Indian Space Promotion and Authorization Center (IN-Space) will be set up to monitor and allow the activities of private companies.
K Sivan said, “ISRO will be able to focus more on R&D, capacity expansion and technology expansion rather than production. Like self-reliant India, we are focusing on self-reliance, for which participation of Mizi companies will be important.
The chairman of ISRO said that private companies have a lot of opportunities in the space sector. A large number of communication satellites will be needed to make the watch self-sufficient.