Banking service chronicle

Banking service chronicle

Banking service chronicle Monthly Magazine by bsc academy-subscribe Published this article page no  37 PRIVATE SECTOR IN SPACE ACTIVITIES Why in News? Government under Aatma Nirbhar Bharat Abhiyaan (SelfReliant India Mission) announced role for private sector in Indias space programme including in satellites launches and spacebased services. More on news Following announcements were made under Aatma Nirbhar Bharat Abhiyaan (SelfReliant India Mission)  Level playing field provided to private companies in satellites launches and spacebased services.  Predictable policy and regulatory environment to private players.  Private sector will be allowed to use ISRO facilities and other relevant assets to improve their capacities. o Recently ISRO opened up its facilities for private players which includes helping a consortium of companies to build polar satellite launch vehicle.  Future projects for planetary exploration outer space travel etc. shall also be open for private sector.  There will be liberal geospatial data policy for providing remotesensing data to techentrepreneurs. Benefits of private sector in space activities  Increasing Demand for satellites with need to launch 1820 satellites every year. With existing ISRO manpower it is difficult and private sector can play role here meeting global requirements too.  Getting latest innovations and trends Collaboration with private players is vital for capacity building getting cuttingedge technology latest innovations etc.  Freeing up resources A large chunk of ISROs manpower is involved in manufacturing and launch vehicles so active involvement of the private sector would allow ISRO to devote more time to core research deepspace missions etc.  Reducing dependence on taxpayers money Privatizing activities in space sector will allow economic contribution from private sector and will reduce dependence on funds from government banking service chronicle monthly magazine  buy.

Banking service chronicle