The Indian Space Association (ISpA) represents a significant step in India’s space journey, marking the country’s commitment to expanding its presence and capabilities in the global space industry. Launched by Prime Minister Narendra Modi on October 10, 2021, ISpA serves as a collaborative platform for key players in the sector.
About ISpA
The Indian Space Association is an industrial body comprising both homegrown and international companies with advanced expertise in space technology. This private entity aims to propel India’s space technology to new heights, fostering innovation and development within the country. The association is designed to be a collective voice for the space sector, advocating for the interests of its members and working closely with the Government of India and its agencies. One of its primary goals is to establish space economic hubs and incubators that will nurture the growth of the space industry and ensure India’s self-reliance in this strategic sector.
Focus
ISpA is dedicated to advancing the space reforms introduced by the Indian Government. These reforms are built upon four pillars that outline the government’s vision for the future of India’s space endeavors:
1. Viewing the space sector as a critical resource for national development.
2. Preparing the youth to be future-ready to contribute to and benefit from space technology advancements.
3. Providing freedom to the private sector to innovate and participate actively in space activities.
4. Shifting the role of the government to act as an enabler, facilitating the growth and expansion of the space industry through supportive policies and initiatives.
By aligning with these pillars, ISpA aims to transform the landscape of the Indian space sector, making it more dynamic and inclusive.
Background
Despite having a robust space program led by the Indian Space Research Organisation (ISRO), India’s share in the global space market has been relatively modest. In 2019, India contributed only 2%—equivalent to about 7 billion USD—to the worldwide space industry. This figure is a small fraction of the estimated 350 billion USD global space industry, which is expected to surge beyond 550 billion USD by 2025. The formation of ISpA reflects a strategic move to tap into this burgeoning market and enhance India’s role as a key player in space technology and exploration.
Founding Members
The founding members of ISpA include a mix of public and private entities, each bringing unique strengths and capabilities to the table. The Indian Space Research Organisation (ISRO), India’s national space agency, is a prominent member, signifying the government’s support and involvement. Joining ISRO are leading private sector companies such as OneWeb, Bharti Airtel, and NELCO of the TATA Group. These organizations represent the telecommunications and technology sectors, which are integral to the advancement of space-based applications and services.
The collaboration between these diverse members under the umbrella of ISpA is poised to drive innovation, encourage investment, and create new opportunities within the Indian space industry. By leveraging the expertise and resources of its members, ISpA is well-positioned to play a pivotal role in shaping India’s space policy and contributing to its economic growth.
In summary, the Indian Space Association marks a new chapter in India’s space narrative, aiming to catalyze the nation’s progress in space technology and ensure its competitive edge in the global arena. Through its focus on collaboration, innovation, and advocacy, ISpA is set to become a driving force behind India’s aspirations to become a leading space-faring nation.
