Home News Law & Policy ISRO to boost space industry partnership

ISRO to boost space industry partnership

The Indian Space Research Organisation (ISRO) is planning to give a big boost to the space-industry partnership by more than doubling its private sector outsourcing target during the tenth plan.

ISRO Chairman K Kasturirangan told reporters here today that the Department of Space (DoS) had planned to increase the industry’s share from the present Rs 3,000 crore to about Rs 8,000 crore with an aim to increase the space-industry partnership for the space segment.

The DoS in the year 2001-02 had formulated an industry partnership policy to set modalities for identification of industries, utilisation of human resources and facilities within DoS and incentives for industry to promote space technology.

As part of this policy, DoS has already established linkages with more than 500 industries in small, medium and large scale sectors either through procurement contracts, knowhow transfers or provision of technical consultancy, he said.

ISRO officials maintained that through its association with the space programme, space industry was now capable of meeting challenges in terms of adopting advanced technology or handling complex manufacturing jobs.