Even when India’s private firms have certain manufacturing capacity, it won't be easy for any of them to reap benefits from the international market. “In several Western countries with an evolved private space industry, there is a cap on liability and the financial damages that need to be paid. India’s Space Activities Bill is a laudable initiative but has much ground to cover. Specific areas relevant to commerce such as licensing criterion for space activities are left open-ended for further rules, regulations and guidelines. Thus, it becomes imperative for the relevant government agencies to henceforth work with stakeholders from the private sector, while formulating laws & policies in the Space sector, which holds immense potential and significance for India and the world in the coming times.

Source: dna July 22, 2020 18:11 UTC