US space tie-ups may open global mkt to Indian pvt sector, says industry

India becomes 27th country to join Artemis Accords, a US govt programme aim at sending the first woman and next man to the Moon, and expand space exploration to Mars and beyond

India became the 27th country on June 21, to sign the Artemis Accords, opening up fresh co-operation between the National Aeronautics and Space Administration (NASA) and the Indian Space Research Organisation (Isro) in space exploration. According to industry experts, this is likely to aid India’s private sector space players to expand their presence globally, giving a push to its efforts to increase the country’s share in the global space economy.

Based on government estimates, India’s share in the global space economy of $360 billion is hardly around 2 per cent. Both NASA and Isro have also decided to have a