According to a senior source, India’s new Foreign Direct Investment (FDI) policy for the space sector could allow foreign corporations to build their own infrastructure in accordance with government rules.
“We are looking forward to such kind of implementation if someone wants to come here and establish their own infrastructure in line with the central government policies,” N Sudheer Kumar, director, Capacity Building Programme Office (CBPO) on Space Opportunities, ISRO, said at the India-Singapore Technology Summit organised by the Department of Science and Technology and the Confederation of Indian Industry (CII).
He stated that several policies for the space sector, such as the use of remote sensing data, space communication, human space policy, industry, and technology transfer, are at the consultation stage.
The space transportation policy, according to Kumar, will allow the industry to develop its own launchers, launchpads, launching systems, and satellites.
IN-SPACE the single-window organisation that facilitates industrial engagement in the space sector, can be contacted by the industry, including international enterprises, he said.
Jitendra Singh, Singapore’s science and technology minister, had earlier opened the summit by stating that the ISRO had launched Singapore’s first indigenously manufactured microsatellite in 2011 and eight more in 2014-15.
“From time to time, new dimensions are introduced to this continuing interaction,” Singh explained.
S Iswaran, Singapore’s minister for transport and minister-in-charge of trade relations, addressed the summit, highlighting three key areas of future collaboration, including D-Tech for smart cities using artificial intelligence, clean-tech for carbon-reducing technologies in the aviation and transportation sectors, and joint projects on genome and bioinformatics research.
Singapore, according to Singh, is India’s largest commercial partner in ASEAN and a major source of foreign direct investment. According to him, around 9,000 Indian companies are registered in Singapore, while over 440 Singapore companies are registered in India.
Singaporean firms are still involved in a number of smart city, urban planning, logistics, and infrastructure projects, including drafting master plans for townships in collaboration with numerous state governments, according to Singh.
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