The Long Delay on India's Space Act: A Threat to Private Investment The Indian government has been deliberating over the creation of a comprehensive legal framework for its space industry for nearly a decade.
This lack of a Space Act, which would provide statutory backing to the regulatory framework established by IN SPACe and the Indian Space Policy 2023, is no longer just an oversight but a pressing concern for private investors.
India's decision to open its space sector in 2020 was seen as a bold move.