The extent of space activities is evolving at a pace that has never been seen before, particularly due to easing of norms for privatizing the space sector India which has presented unprecedented opportunities (and unforeseen challenges) in the Indian space ecosystem. As India seeks to establish itself as a global leader in space tech and space entrepreneurship, the Indian Space Policy, 2023 (“ISP”) and the accompanying Norms, Guidelines, and Procedures for Implementation of ISP 2023 in respect of Authorisation of Space Activities 2024 (“NGP”) outline an ever-evolving framework. A critical aspect of this framework is the environmental responsibility that is placed on space startups, which reflects India’s commitment to sustainable space exploration and utilization.
Environmental Obligations under ISP and NGP
India’s space ecosystem, supported by ISP 2023, is poised to foster a new generation of startups that prioritize sustainability. This not only ensures compliance with regulatory frameworks but also positions these companies as global leaders in responsible space exploration.
Conclusion
As India aims to become a USD 45 billion space economy in the next decade, it becomes increasingly important to balance the extra-terrestrial aspirations with India’s sustainability obligations under different international conventions. The environmental obligations outlined in ISP/NGP are a welcome start to provide a basic regulatory framework to space entrepreneurs. These obligations are not merely regulatory hurdles but an opportunity to innovate and contribute to the long-term sustainability of every company’s operation.
Mr. Akshay is a 3rd year law student at Campus Law Centre, University of Delhi. He is keenly interested in becoming a Corporate Lawyer.