How is India building its space sector ecosystem according to the news report

Development in India's space sector
  • India is encouraging private sector participation in the space industry through policies such as allowing private companies to build and launch satellites.
  • The government has established new regulatory frameworks to enable the entry of private players into the space sector.
  • ISRO has been collaborating with private companies to develop and launch satellites and spacecraft.
  • India is investing in research and development to enhance its capabilities in space exploration and technology.
  • The country is also focusing on developing indigenous manufacturing capabilities for components used in spacecraft.
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