Year: 2024
Type: article
Abstract: The transportation of rocket parts through the bullock carts in the early years of space activities in India has led from a humble beginning in launching satellites proved India’s space explorations beyond expectations, globally for five decades. The significance of the Indian space industry demonstrates several commercial services. In the era of “Liberalization, Privatization, and Globalization”, the author finds a dearth in the growth of the Indian space industry, which is mainly due to two factors; one is the budgetary constraints on the part of the government and second, lack of participation of a private entity through Public-Private Partnership (PPP) initiated in the year 1990’s under the caption of “Liberalization, Privatization and Globalization” which is focused elaboratively in this research paper. The Space programmes in India date back to the 1960s. Since then, the Indian Space and Research Organisation (ISRO) has brought many changes for effective space activity in India. Finally, the New Space Policy was introduced in 2023 with various components like the participation of non-governmental entities; IN-SPACe; ISRO; New Space India Limited; and the Department of Space. However, the Policy doesn’t speak about Public-Private Partnerships; Space Infrastructure; robust dispute settlement mechanisms etc., with various challenges ahead in the development of space activities in India.
Author: Dr. Shaik Nazim Ahmed Shafi
Institution: Maharashtra National Law University
Language: English
Field: Social Sciences
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4413249017