Union govt approves Indian Space Policy 2023 to enhance role of Department of Space, boost ISRO's activities

New Delhi: Union government has approved the Indian Space Policy 2023, which aims to boost the country's space department's role and give a larger participation to research, academia, startups, and industry.

The policy lays down the roles and responsibilities of organizations such as the Indian Space Research Organisation (ISRO), and private sector entities.

During a cabinet briefing, Minister for State for Science and Technology Jitendra Singh said that the policy would enhance the role of India's space department, boost research, academia, start-ups, and industry.

The opening up of the space sector for private participation, which was initiated by Prime Minister Narendra Modi, has led to



the growth of startups in ISRO, with the number reaching 150 within three years.

The Indian Space Policy 2023 is expected to provide a framework for the country's space sector for the next decade.

Union Cabinet also approved revised domestic gas pricing guidelines. Information and Broadcasting Minister Anurag Singh Thakur said, the price of natural gas is to be 10 per cent of the monthly average of Indian Crude Basket.

He said that the move is to ensure stable pricing in regime and provide adequate protection to producers from adverse market fluctuation. The Minister also stated that it will provide incentives for enhancing production.