Bis: In-space Drafting Bis Standard For Private Space Cos | Bengaluru News

Bengaluru: The Bureau of Indian Standards (BIS) has begun work on creating standards that private space tech players will be recommended to follow in procurement, manufacturing and operations. The Indian National Space Promotion and Authorisation Centre (IN-SPACe) is part of a committee set up by BIS, which will also have other stakeholders.
“As part of the committee set up for creation of these standards, IN-SPACe is drafting the standards that will be submitted to the BIS which will then go through a process of vetting it and then introducing them,” said IN-SPACe chairman Pawan Goenka. Once this is notified, he said, it would be recommended by the BIS that private industries follow these standards.
The objective is that the industries should have access to these standards, which as on date aren’t available to them as these are internal Isro standards.
“It is expected that the industries would follow this for their own good, but these will only be recommended at the moment. We expect to release the first set of standards in three months. For this, 24 standards are being examined at the moment, covering transportation, review, space objects etc,” Goenka said.
Meanwhile, as reported by TOI earlier, the department for promotion of industry and internal trade (DPIIT) under the Union commerce and industries ministry will soon be releasing a specific foreign direct investment (FDI) policy for the space sector. “The DPIIT is in the last leg of policy preparations before the same goes to the Union Cabinet. There could be some minor changes, but there is agreement on most matters in the new policy,” Goenka said.
At present, FDI in Space policy is restricted to establishment and operationalisation of satellites and is silent on data products, launch vehicles and ground segment. The new policy will cover all aspects of the sector.