During the India-Singapore Technology Summit organised by Department of Science and Technology and Confederation of Indian Industry (CII), Indian Space Research Organisation emphasised that India’s new foreign direct investment (FDI) policy for the space sector could allow overseas companies to set up their own infrastructure in line with the government guidelines.

Meanwhile, ISRO also informed that different policies for the space sector were at consultation stage that include use of remote sensing data, space communication, human space policy, industry and technology transfer. In addition, the space transportation policy would also allow the industry to have its own launchers, launchpads, launching systems as well as satellites.

Detailing the process, ISRO stated that the industry, including overseas companies, can get in touch with IN-SPACe, the single window agency to facilitate industry participation in the space sector.

Further, addressing the Summit, Singaporean Minister for Transport and Minister-in-charge of Trade Relations flagged three key areas of future cooperation such as D-Tech using A-I for smart cities, clean-tech for carbon mitigating technologies in aviation and transport sectors, and joint projects on genome and bioinformatics research.