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LexCounsel is pleased to share a guest post (New space economy: political game changer for the satcom sector) by Mr. Anil Prakash, Managing Director, SIA-India (Satcom Industry Association), featured in tele.netit is (Infrastructure Publishing Group) 22nd Anniversary Issue.
SIA-India is a non-profit association established to represent the interests of the communications satellite ecosystem in India and represents satellite operators, satellite systems, launchers and manufacturers of ground and terminal equipment to the government, regulators, policy makers and national and international standards. body. Ms. Seema Jhingan, Associate Co-Founder, LexCounsel is a member of the Advisory Board of SIA-India https://www.sia-india.com/about-us/advisory-board.html
New space economy: political game changer for the satcom sector
The satellite industry is eagerly awaiting the new space communication policy, which aims to stimulate private sector participation in all space activities and strengthen local space assets. In June 2020, the union cabinet approved private sector participation in space activities. The establishment of India’s National Space Promotion and Authorization Center (IN-SPACe) was later announced to provide a level playing field for private companies in space design, manufacture, launch and services and applications of satellites.
The move to allow private actors to be co-travellers in the country’s space travel is a groundbreaking step in India’s 50+ years of space travel and represents a stark shift in the government’s vision for its program spatial. India is well positioned to grab a 10% market share in the global space sector over the next decade, which would result in a $50 billion space economy, creating a ripple effect by providing a strategic depth on indigenous manufacturing, ancillary businesses, R&D, investments, employment, gross domestic product and overall socio-economic growth. Learn more at https://tele.net.in/new-space-economy-policy-game-changer-for-the-satcom-sector/
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