As we enter a new era of space race, India is rapidly gaining recognition as a formidable player. The journey began modestly in 1963 with the launch of its first sounding rocket. But in the past 20 years, the country has made impressive strides to push the boundaries of the next frontier. On its way, India has reached many significant milestones, from its successful Mars Orbiter Mission (Mangalyaan-1) to the path-breaking Chandrayaan-3 to explore the dark side of the Moon and the latest Aditya-L1 solar observation project.

Undeniably, the Indian Space Research Organisation (ISRO) has played a pivotal role in this stellar success. However, today, what stands out as the need of the hour in establishing India as a leader in the global space economy is the increased involvement of private enterprises.