ISRO Inks 75 Agreements With Private Companies For Technology Transfer

Since ISRO, IN-SPACe, and NSIL recently inked 75 Technology Transfer Agreements (TTAs) with non-governmental entities (NGEs), India's space industry has advanced significantly. This is a component of the current space reforms in India, which aim to increase the involvement of the private sector in space operations.

Benefits And Key Stakeholders Of Technology Transfer Agreement(TTA) In India

• TTAs permit private industry to tap into a host of ISRO space-based technologies relevant across multiple sectors including agriculture, energy, infrastructure, defense telecommunications and cybersecurity
• Irrespective, the key players have been ISRO, IN-SPACe, NSIL.
• The 75 TTAs represent a strategic re-orientation of the space policy in India with increasing reliance on the private sector to contribute to indigenous innovation in space technology.
• The agreements will fuel new business opportunities and contribute to the quality of life by leveraging valuable space technologies for day-to-day demands ·
• IN-SPACe chairman Pawan Goenka said these agreements will help in building a robust space economy and making space satellites to address the needs of the society.
• The pacts seek to promote innovation and strengthen India's position in the global space market.