India’s space industry has undergone a significant transformation, with the shift towards private participation in the Indian space sector. The Indian National Space Promotion and Authorization Center (IN-SPACe) has been handed over the responsibility to ensure sustainable development for the Indian space sector. A sustainable market would need standardization of products and services which are provided by the space startups to effectively safeguard interests of all stakeholders. The IN-SPACe released a catalogue of standards to be ensured by Indian startups. These standards are released by the Bureau of Indian Standards (BIS) based on the standards setup by the International Standards Organization (ISO). These standards apply to all sectors of space endeavours, including satellites, launch systems, ground systems etc.
List of Standards
Conclusion
As the Indian regulators look to create a competitive space market in India, IN-SPACe is bound to release more standards to make sure the Indian companies operate at the top level. It is important for all emerging space companies to adhere to these standards to protect their finances, reputation along with the stakeholders involved.
Mr. Akshay is a 3rd year law student at Campus Law Centre, University of Delhi. He is keenly interested in becoming a Corporate Lawyer.