India’s Private Space Sector Boom and ISRO’s Role | Data and Facts
1. Introduction
- ISRO, since its establishment in 1969, has relied on both state-owned and private sector companies to support its space programs.
- Antrix Corporation, established in 1992 as a commercial arm of ISRO, was created to market and promote ISRO’s commercial activities, such as satellite launches, satellite systems, and space data services to international clients.
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ISRO Expansion:
- ISRO is involved in significant space missions, including:
- Missions to the Sun (Aditya-L1).
- Missions to the Moon (Chandrayaan missions).
- Mars missions (Mangalyaan).
- Launching space telescopes and astronauts.
- ISRO's Bharatiya Antariksh Station : 2028-35
- Private Sector Growth:
- The Indian government has allowed 100% Foreign Direct Investment (FDI) in the space sector, encouraging private companies to seek overseas funding.
2. History of ISRO’s Commercialisation
- Antrix Corporation Ltd (1992):
- Created as a commercial arm of ISRO, Antrix was designed to:
- Market ISRO’s products internationally.
- Facilitate technology transfer.
- Deliver launch services using ISRO’s PSLV and GSLV vehicles.
- Key tasks of Antrix:
- Satellite communication via INSAT system.
- Launch services for foreign commercial satellites (via PSLV).
- Providing data from Indian Remote Sensing (IRS) satellites.
- Consulting and technology transfer.
- NewSpace India Limited (NSIL) (2019):
- NSIL, a public sector undertaking under the Department of Space (DoS), aims to:
- Boost indigenous production of ISRO products.
- Focus on domestic clients, unlike Antrix, which focuses on international clients.
3. Private Players in the Space Sector
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Early Aerospace Companies:
- HAL: Provides structural parts (e.g., heat shield assembly, nose cone assembly, fuel tanks).
- Godrej Aerospace: Manufactures liquid propulsion engines, satellite thrusters, valves, and complex fabricated assemblies.
- Ananth Technologies: Provides components for ground stations, nano-satellites, automated test equipment, printed circuit boards (PCBs), and sub-systems for satellites.
- Data Patterns: Manufactures telemetry systems, communications systems, payload control units, and launch vehicle control systems.
- Start-up Emergence:
- The first space start-up was Dhruva Space Private Limited (2012) in Hyderabad.
- As of 2023, over 200 space start-ups are registered in India, attracting investments of ₹1,000 crore in 2023.
4. Notable Space Start-ups
- Dhruva Space:
- Founded in 2012, it designs satellites, ground stations, and offers launch services.
- 1U, 3U, 6U satellite orbital deployers successfully tested on ISRO’s PSLV missions in 2022-2023.
- Funding: Raised ₹22 crore in October 2021 from Indian Angel Network and Blue Ashva Capital.
- Skyroot Aerospace:
- Founded in 2018, specializes in space launch vehicles.
- First private Indian start-up to test liquid propulsion engines and 3D printed cryogenic engine.
- Vikram-S: India’s first private rocket, launched in November 2022 from Sriharikota.
- Funding: Raised ₹250 crore in 2023 from investor Temasek.
- Currently developing Vikram-I, Vikram-II, and Vikram-III rockets.
- Agnikul Cosmos:
- Founded in 2017 at Indian Institute of Madras.
- Created India’s first private mobile launchpad Dhanush and Agnibaan (a transportable launch vehicle).
- First 3D printed engine Agnilet tested in 2022.
- Funding: Raised $11 million in Series A round.
- Manastu Space:
- Founded in 2017 in Mumbai.
- Focuses on green propulsion systems for satellites (hydrogen peroxide-based rocket fuel).
- Also develops debris collision avoidance systems for CubeSats and in-space refuelling stations.
- Funding: Raised $3 million in pre-Series A round in 2023 from Indian Angel Network.
5. Regulatory Framework for Private Space Companies
- IN-SPACe (2020):
- Independent body to promote and authorize space activities of private companies.
- Core tasks:
- Supervise private entities involved in launch vehicles, satellite manufacturing, and infrastructure sharing.
- Provide technical incubation for start-ups.
- Support space tourism and student participation.
- Signed 45 MoUs with non-government entities (NGEs) as of 2023.
- National Geospatial Policy (2022):
- Allows private companies to acquire geospatial data (maps, satellite imagery) without the need for licenses or government clearances, except for specific categories.
- Indian Space Policy (2023):
- Key provisions:
- Private companies can manufacture and operate launch vehicles and satellites.
- Companies can operate ground facilities like telemetry, tracking, and command systems (TT&C).
- Permission for space resource recovery (e.g., asteroid mining).
- Provides a framework for commercial space activities, including satellite communication, remote sensing, and space transportation.
- Impact on ISRO: ISRO will transition towards a focus on research and development in advanced technologies, while private companies take on more operational tasks.
6. FDI and Financial Policies
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Amended FDI Policy (2024):
- 74% FDI allowed for satellite manufacturing and operations.
- 49% FDI allowed for launch vehicles, spaceports, and associated systems.
- 100% FDI allowed for satellite components (including ground segments).
- Investments beyond these limits can be made through the government route.
7. ISRO’s Ongoing Role
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ISRO’s Leadership:
- Launches: As of 2023, ISRO has launched 424 foreign satellites since the 1990s, with 389 launched since 2014.
- Revenue generated from foreign satellite launches:
- $174 million from foreign satellite launches (since 2014).
- £256 million from European satellite launches.
- Future Missions: Scheduled missions to the Moon, the Sun, Mars, and deep space explorations.
- Collaboration with Private Players: ISRO is focusing on advanced technologies and research while collaborating with private start-ups for smaller satellite subsystems.
8. Future Prospects
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Target for 2040:
- India’s space economy is projected to grow from $8 billion (2% of the global space economy) to $100 billion by 2040.
- ISRO's Role: While the private sector is growing, ISRO remains the driving force behind major space missions and technological innovation, focusing on advanced missions like deep space exploration, moon landings, and large-scale satellite deployments.
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