Central idea: The Union Cabinet has approved the Indian Space Policy, 2023.

Indian Space Policy, 2023

• It aims to enhance the role of the Department of Space, boost the activities of ISRO missions, and encourage participation from research, academia, startups, and industry.

Salient features

(1) Outlining roles and responsibilities

• The Indian Space Policy, 2023 outlines the roles and responsibilities of various organizations in the space sector.
• The policy includes the responsibilities of ISRO, NewSpace India Limited, and private sector entities.
• This clarity in roles will help in the efficient functioning of the components set up in recent times.

(2) Multistakeholder participation

• The policy aims to boost the space sector by enhancing the role of the Department of Space and encouraging participation from research, academia, startups, and industry.
• This will help in the development of the space segment and create more opportunities for the private sector.

(3) Boosting ISRO Missions

• The Indian Space Policy, 2023 aims to boost the activities of ISRO missions.
• This will help ISRO achieve its objectives more efficiently and effectively.
• It will also help in the development of new technologies and innovative solutions.

(4) Involvement of Private Sector

• The Policy, 2023 recognizes the importance of the private sector in the development of the space sector.
• It encourages the involvement of private sector entities in various aspects of the space segment.
• This will create more opportunities for the private sector and help in the growth of the Indian space industry.

(5) Research and development

• The policy aims to involve research, academia, and startups in the development of the space sector.
• This will help in the development of new technologies, innovative solutions, and talent pool.
• It will also help in the growth of the Indian space industry and create more opportunities for research and development in the sector.

Conclusion

• The Indian Space Policy, 2023 is a comprehensive policy that provides clarity in the roles and responsibilities of various organizations in the space sector.
• The policy aims to boost the space segment, encourage private sector involvement, and involve research, academia, and startups in the development of the sector.
• The policy will help in achieving the objectives of ISRO more efficiently and effectively, and create more opportunities for the private sector and research and development in the space sector.

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