Chennai, August 27: Industry experts said India’s moon landing is expected to increase government spending on scientific space missions, including landing on Mars, and increase outsourcing by the Indian Space Agency.
They said that landing on the moon will also have a positive impact on the credibility of players in the Indian private space sector in the international arena and a great support for the country’s science-minded youth who are passionate about space.
Experts added that in the long term, India will have a share in the so-called lunar economy, that is, missions to the moon for others for a fee, extracting resources on the moon, establishing colonies there, and others.
“I expect that the success of Chandrayaan-3 will increase government spending on science missions. ISRO will go even further towards fulfilling its new mandate of carrying out research missions,” Sunil Indorte, Director, Azista BST Aerospace Pvt Ltd, told IANS.
As a result, the rocket and satellite manufacturers have to collectively take over the manufacturing responsibility of the Indian Space Research Organization (ISRO).
This is a good challenge for the private sector and the country as well. Indorte added that the result of this situation will be capacity generation in the private sector.
Rakesh Sashibhushan, former Chairman and Managing Director of Antrix Corporation Ltd, told IANS: “In the near term, the success of the moon mission may spur further action by ISRO. As a result, there will be increased job opportunities for private industries as it may increase ISRO from outsourcing”.
Antrix is the commercial arm of the Indian Ministry of Space.
Sashibhushan added that the success of Chandrayaan-3 is a huge boost for the country’s science-minded youth who are passionate about space. Now, many educational and research institutions have been involved in space sector research.
However, the success of ISRO’s previous interplanetary missions – Chandrayaan-1, the Mars Orbiter (MOM) mission – did not result in any satellite orders from abroad or increased inquiries for satellites orbited by Indian missiles.
“I’m not sure about the past, but this is the first landing on the south side of any nation. This mission has more merit. ISRO is more focused on science than at any time in recent years. So, I would expect more funding for such challenging tasks. Maybe landing on Mars soon.
Whatever the case, the industry now expects the government to come out with revised FDI regulations sooner, announce fiscal stimulus, and also pass the Space Activities Bill.
“On the policy front, we are waiting for the foreign direct investment policy that allows investments under the automatic path. Next year we expect the Space Activities Bill to be passed. The industry is expecting financial incentives such as productivity linked incentives (PLI), soft money etc. for investment. India’s space sector is booming”, Lt. Gen. Ack. Bhatt (retired), director general of the Indian Space Society, told IANS.
He added that the success of the moon mission has caught the attention of the entire nation, which may in turn attract more players to the space sector. But space is unforgiving and some may fall by the wayside.
In the long run, Sachibhushan said, ISRO has laid the foundation for the exploitation of resources on the moon – such as mining, tourism, building a lunar space station, etc. – by landing safely on the moon.
“With the occupation of the moon by humans in the future, there will be space assets for India and other countries. The protection of those space assets will gain importance. Then the entire space will become a region of strategic importance. However, the moon cannot be a military one.” “This post is because of its remoteness,” Bhatt said.
(Venkatachari Jagannathan can be reached at v.jagannathan@ians.in)
Source: IANS
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