The Indian Space Association seeks to broaden commercial interests

Senior Fellow, Manohar Parrikar IDSA, Gp. Capt. Ajey Lele’s Commentary ‘The Indian Space Association seeks to broaden commercial interests’ was published in ‘The Space Review’ on October 18, 2021.

India has the third-highest number of billionaires in the world after the US and China. So far, there’s been very limited interest by this community in the business of space. Agencies like ISpA should not restrict themselves to coordinate between existing investors but should also ensure that new investors join the field. If India has to grow big, then they require major industrial houses to enter the business of space who can undertake sustained investments without worrying much about profits for at least the first few years, says Gp. Capt. Lele.

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