The inaugural session of the 7th Bengaluru Space Expo (BSX) saw the tie-up of many Indian and Australian companies to collaborate in the private space sector.
Story so far: In line with India’s recent space reforms, the expo aims at the promotion of the private space industry. Six MoUs were signed between Indian and Australian companies that are collaborating in different areas.
- Mineral exploration in space, supporting agriculture and defence industries, reducing the environmental impact of space exploration and other areas are being looked at.
- The seventh edition of the BSX was organised by the CII in collaboration with ISRO, NSIL (New Space India Ltd) and IN-SPACE (Indian National Space Promotion and Authorisation Center).
Need for private sector: The ISRO Chairman S Somanath spoke at the event stating that NSIL should get more launch vehicles from the private sector as this will lead to innovation and reduce costs. He said that the government has to be an anchor customer for private companies initially to encourage the industry.