According to a report titled “Preparing to scale new heights: Enhancing private participation in India’s commercial space sector” published in January 2020 by PwC, about 80 percent of the Polar Satellite Launch Vehicle (PSLV) production gets outsourced to private industries. Also, over 120 companies had contributed to the manufacturing of components during the Mars Orbiter Mission (MoM).
Realising the potential of future space technology, the government announced new reforms in the space sector to include the participation of private players in space related activities. In June, the Union Cabinet announced the formation of an autonomous nodal agency, Indian National Space Promotion and Authorisation Centre (IN-SPACe), an extension of ISRO, which is aimed at monitoring private players involved in space related activities.
Speaking at the International Space Conference on Ushering the New Era for Indian Space Sector, held from September 15-17, Dr K Sivan, ISRO Chairman and the Secretary at the Department of Space (DoS), said, “Domestic and international space requirements have increased multifold, and thus private sectors must come forward to contribute.”