Space Activity Bill News Today : Breaking News, Live Updates & Top Stories | Vimarsana

India's private space industry is seeking transformative reforms to boost its growth. The industry is embracing the government's decision to allocate satellite-based spectrum, enabling space-based broadband internet access in remote areas. Industry bodies, the Indian Space Association (ISpA) and Satcom Industry Association (SIA-India), have requested the government to bring the Space Activity Bill for Parliament approval to cover various factors of India's space goals.

“We believe once the FDI policy is in place, funds will flow from Indian big companies once they become profitable. There will be financial incentives to private players to be able to operate and they will be able to get finances not only from the country, but from international sources too,” Bhatt said.

Secretary general of ISpA, Lt Gen (Retd) Anil Kumar Bhatt says an early approval of the Space Activity Bill would be the next logical step in ensuring a global acceptance of the Indian space sector

The industry has for long been anticipating the implementation of the space policy which they hope will further open up the ecosystem.

The Director General of the Indian Space Association, Lieutenant General AK Bhatt, hailed the Centre’s decision to open up the space domain to the private sector and the establishment of IN-SPACe.