Private Participation in India’s Space Economy
Overview of Private Sector Participation
- Approximately 1,050 private companies have registered their space-related capabilities on the IN-SPACe Digital Platform (IDP).
- These companies span a wide range of space activities, indicating strong and growing private sector interest in India’s space ecosystem.
Policy Framework and Regulatory Enablement
- The Indian Space Policy-2023 formally opens the space sector to private participation.
- Private entities are permitted to undertake end-to-end space activities, including:
- Launch services
- Satellite design, realization, and operations
- Earth observation and data acquisition
- Data dissemination and downstream applications
- Establishment and operation of ground stations
- The policy positions the Government as an enabler and regulator, while industry becomes the primary driver of commercial activity.
Financial Support and Startup Enablement
- ₹2.36 crore has been disbursed under the IN-SPACe Seed Fund and Pre-Incubation Entrepreneurship Programme.
- Funding is aimed at:
- Early-stage startups and entrepreneurs
- Reducing entry barriers
- Supporting innovation and technology development in the space sector
Decadal Vision for India’s Space Economy
- IN-SPACe’s Decadal Vision Report outlines a 10-year growth roadmap (2023–2033).
- Target to grow India’s space economy from:
- USD 8.4 billion (2022) to USD 44 billion by 2033
- Export contribution is projected at USD 11 billion, reflecting a strong focus on global markets.
Strategic Foundations of the Decadal Vision
- The vision is anchored on four key enablers:
- Building common-use platforms
- Creating a strong industrial ecosystem
- Enabling industry participation and scale-up
- Expanding international outreach and collaboration
Decadal Vision Strategy – Three Pillars
- The roadmap is operationalized through three strategic pillars:
- Revenue Generation
- Ecosystem Development
- Catalysing Space Domain Activities
Revenue Generation Focus Areas
- Commercialization of space services across multiple domains:
- Launch services
- Satellite and ground system operations
- Earth observation services
- Satellite communication (SatCom)
- Satellite navigation (SatNav)
- Emerging in-orbit economy and services
Market Expansion and Growth Catalysts
- Space economy growth is being driven through:
- Targeted demand-generation initiatives
- International collaboration and partnerships
- Promotion of space culture to widen adoption and awareness
- Efforts aim to:
- Expand domestic and global markets
- Increase customer adoption
- Enable Indian industry to scale operations and exports
Implication of SHANTI Act
Overview of the SHANTI Act
- The SHANTI Act has been enacted to promote and develop nuclear energy and ionising radiation in India.
- The Act covers both nuclear power generation and non-power applications of nuclear and radiation technologies.
- It aims to ensure safe, secure, and regulated utilisation of nuclear materials and facilities.
Scope and Applications of Nuclear Energy under the Act
- Nuclear energy is positioned as a multi-sector enabler, supporting:
- Electricity generation
- Healthcare (diagnostics, radiotherapy, nuclear medicine)
- Food preservation and safety
- Water management and desalination
- Agriculture (crop improvement, pest control)
- Industrial applications
- Scientific research and environmental monitoring
- The Act recognizes the role of nuclear technology in innovation and advanced research.
Role of Nuclear Energy in Emerging Technologies
- Nuclear energy can provide stable, reliable, and round-the-clock power for:
- Artificial Intelligence (AI)–driven research
- High-performance computing (HPC)
- Quantum technologies
- Indigenous semiconductor fabrication
- Nuclear technologies support future-ready applications, including:
- Advanced materials research
- Precision manufacturing
- Space technologies
- Industrial automation
- The integration of nuclear energy and AI is highlighted as crucial for data-intensive and mission-critical infrastructure.
Security, Safeguards, and Monitoring Provisions
- The SHANTI Act mandates strict security and safeguards for nuclear materials and facilities.
- Key measures include:
- Continuous monitoring
- Accounting of nuclear materials
- Surveillance systems
- These provisions aim to prevent misuse, theft, or diversion of nuclear materials.
Nuclear Safety and Regulatory Framework
- India already has a robust nuclear safety system in place for nuclear power plants.
- The Atomic Energy Regulatory Board (AERB) is designated as the sole authority responsible for nuclear safety oversight of civilian nuclear facilities.
- The SHANTI Act grants statutory status to AERB, strengthening its legal authority.
Powers and Functions of AERB under the Act
- AERB is empowered to:
- Conduct regular inspections of licensed nuclear and radiation facilities
- Verify compliance with safety regulations
- Issue corrective recommendations and technical guidance
- In cases of serious or repeated non-compliance:
- AERB can suspend or revoke operating licenses
- Regulatory practices are aligned with:
- Scientific approaches
- Operational experience
- Best international safety standards
Developmental and Strategic Significance
- Nuclear energy is identified as critical to India’s developmental aspirations.
- The Act supports progress towards:
- Sustainable Development Goals (SDGs)
- Clean and reliable energy transition
- Technological self-reliance
- By enabling safe nuclear innovation, the SHANTI Act strengthens India’s position in science, technology, and strategic sectors.
Parliamentary Context
- The information was provided by Dr. Jitendra Singh, Union Minister of State (Independent Charge) for:
- Science & Technology
- Earth Sciences
- He also holds responsibilities in:
- Prime Minister’s Office
- Atomic Energy
- Space
- The details were shared in a written reply in the Rajya Sabha, indicating official government position.
India’s Position on Rare Earth Minerals
Overview
- India is not dependent on China for accessing Rare Earth (RE) minerals present in Beach Sand Minerals (BSM).
- BSM is the principal source of Rare Earths in India.
- The prescribed substance monazite occurs in BSM ore.
- Monazite is a phosphate mineral of Rare Earth Elements and contains Uranium and Thorium, making it strategically important.
Role of IREL (India) Limited
- IREL (India) Limited, a PSU under the Department of Atomic Energy, is the primary agency for RE production in India.
- IREL produces high-purity rare earth oxides from RE-bearing monazite.
- IREL operates:
- Three locations with integrated mining and mineral sand processing facilities
- Separate facilities for extraction and refining of rare earth elements
Development of the Rare Earth Value Chain
To strengthen domestic capabilities, multiple initiatives have been undertaken:
- Strategic Manufacturing
- A Rare Earth Permanent Magnet (REPM) plant has been operationalized at Visakhapatnam (Vizag).
- The plant produces Samarium–Cobalt permanent magnets, critical for strategic and defence applications.
- Metal Production Facilities
- IREL has set up mini plants at the Rare Earth & Titanium Theme Park, Bhopal.
- These plants produce Lanthanum, Cerium, and Neodymium metals, supporting downstream RE manufacturing.
- Recycling and Circular Economy
- A Rare Earth Element recycling plant has been established at Bhopal.
- The facility recovers magnetic rare earths from end-of-life magnets, reducing import dependence and promoting sustainability.
Cabinet-Approved REPM Manufacturing Scheme
- The Union Cabinet approved a major scheme on 26 November 2025 to promote manufacturing of Sintered Rare Earth Permanent Magnets (REPM).
- Financial outlay: ₹7,280 crore
- Sales-Linked Incentive: ₹6,450 crore
- Capital Subsidy: ₹750 crore
- Target capacity: 6,000 metric tonnes per annum (MTPA) of integrated REPM manufacturing.
- Five beneficiaries to be selected through global competitive bidding.
- Selection mechanism includes a Least Cost System (LCS) with:
- Technical bid
- Financial bid (two-envelope system)
Strategic and Economic Significance
- The scheme aims to:
- Promote domestic manufacturing of REPM
- Reduce import dependence, especially from China
- Strengthen critical sectors such as:
- Electric mobility
- Renewable energy
- Electronics
- Defence
- Additional benefits include:
- Employment generation
- Development of robust domestic value chains
- Enhanced strategic autonomy in critical materials
Parliamentary Context
- The information was provided by Dr. Jitendra Singh.
- He holds charge of:
- Science & Technology
- Earth Sciences
- Atomic Energy
- Space
- PMO and Personnel-related portfolios
- The details were shared in a written reply in the Rajya Sabha, reflecting official government policy and initiatives.
Nuclear Safety and Regulatory Oversight
1. Regulatory Authority and Responsibilities
- The Atomic Energy Regulatory Board (AERB) is solely responsible for ensuring safety of civilian nuclear and radiation facilities in India.
- Implements the national plan for nuclear safety, radiation protection, and nuclear security.
- Operates through a comprehensive Integrated Management System (IMS):
- Consolidates all regulatory and management processes
- Ensures coherence, consistency, and effectiveness in regulatory decisions
2. Licensing and Compliance
- Nuclear facilities must obtain licenses from AERB to operate legally.
- Licensing is contingent on strict adherence to prescribed safety standards.
- AERB inspectors conduct regular inspections to ensure compliance.
- If non-compliance is found:
- Corrective recommendations and technical guidance are provided.
- In extreme cases, AERB can suspend or revoke operating licenses.
3. Safety Codes, Guides, and Standards
- AERB has developed comprehensive safety codes, guides, and standards.
- All operators are required to follow these standards.
- This ensures uniform safety norms across all nuclear and radiation facilities.
4. Integration of Nuclear Security and Safety
- Nuclear security aspects are integrated into the regulatory framework:
- Internal mechanisms manage the interface between safety and security.
- Security measures are designed without compromising safety objectives, and vice versa.
- AERB develops nuclear security requirements and conducts inspections covering both safety and security.
- Coordination is maintained with the Department of Atomic Energy (DAE) for information sharing and oversight.
5. International Compliance
- AERB monitors compliance with international nuclear and radiological safety conventions.
- India’s nuclear facilities align with globally accepted safety standards.
- This reflects India’s commitment to high nuclear safety, security, and transparency.
6. Emergency Preparedness
- Emergency infrastructure is established and maintained in coordination with:
- Local authorities
- State authorities
- National authorities
- Emergency preparedness and response plans:
- Formulated as per AERB guidance
- Periodically tested through exercises
- Updated to remain aligned with current requirements and scenarios
- The objective is to protect the public in case of nuclear emergencies.
7. Key Takeaways
- India has a robust nuclear safety and regulatory system.
- AERB ensures comprehensive oversight, integrating safety, security, licensing, and emergency preparedness.
- Regular inspections, strict compliance enforcement, and adherence to international standards reinforce public and environmental safety.
- Coordination between AERB, DAE, and local/state authorities ensures effective nuclear governance.
Nuclear Safety and Security
Institutional Framework for Nuclear Safety in India
- India has an established and robust nuclear safety regulatory system covering civilian nuclear and radiation facilities.
- The Atomic Energy Regulatory Board (AERB) is the sole authority responsible for regulating nuclear safety in civilian facilities.
Regulatory Mechanism and Integrated Management System
- AERB implements nuclear safety, radiation protection, and nuclear security through a comprehensive Integrated Management System (IMS).
- The IMS ensures:
- Consistency and coherence in regulatory decisions
- Effective coordination of safety, security, and regulatory processes
- Uniform application of safety standards across facilities
Safety Codes, Guides, and Standards
- AERB has developed a comprehensive regulatory framework comprising:
- Safety codes
- Safety guides
- Safety standards
- Compliance with these documents is mandatory for all nuclear and radiation facility operators.
Licensing and Compliance Enforcement
- Nuclear facilities must obtain AERB licenses to operate legally.
- Licensing is conditional upon strict adherence to safety requirements.
- AERB conducts regular inspections to verify compliance.
- In cases of non-compliance:
- Corrective actions and technical guidance are issued
- AERB has the authority to suspend or revoke operating licenses in extreme cases
Integration of Nuclear Safety and Security
- Nuclear security aspects that affect safety are integrated into AERB’s regulatory regime.
- Institutional arrangements ensure:
- Security measures do not compromise safety objectives
- Safety requirements do not weaken security provisions
- AERB:
- Develops nuclear security requirements
- Conducts inspections covering both safety and security
- Information sharing and coordination with the Department of Atomic Energy (DAE) are formalized to ensure effective oversight.
International Commitments and Conventions
- AERB systematically monitors compliance with international nuclear and radiological safety conventions.
- India aligns its regulatory framework with globally accepted safety standards, reflecting:
- Commitment to international obligations
- Transparency in nuclear governance
- High standards of safety and security
Emergency Preparedness and Public Safety
- Infrastructure for nuclear emergency management is well-established in the public domain.
- Emergency response mechanisms are developed in coordination with:
- Local authorities
- State governments
- National agencies
- Emergency preparedness and response plans:
- Are formulated as per AERB guidelines
- Aim to protect the public during nuclear or radiological emergencies
- Are periodically tested through emergency exercises
- Are regularly updated to reflect evolving risks and requirements
Parliamentary Disclosure and Accountability
- The information was officially presented by Dr. Jitendra Singh in a written reply to the Rajya Sabha.
- This reflects:
- Parliamentary oversight
- Government transparency in nuclear safety governance
Domestic Exploration And Availibilty of Critical Minerals
Role and Mandate of Atomic Minerals Directorate (AMD)
- The Atomic Minerals Directorate for Exploration and Research (AMD) is a constituent unit of the Department of Atomic Energy (DAE).
- AMD’s primary mandate is to identify, evaluate, and augment mineral resources critical for India’s nuclear energy programme and strategic sectors.
- Focus is on minerals containing or associated with uranium and thorium, as well as critical and strategic elements such as:
- Rare Earth Elements (REEs)
- Lithium
- Niobium
- Tantalum
- Beryllium
- Zirconium
- Titanium
Established Resources of Rare Earths and Associated Minerals
- AMD has established approximately:
- 7.23 million tonnes (Mt) of in-situ Rare Earth Elements Oxide
- 1.18 Mt of Thorium Oxide (ThO₂)
- Contained within 13.15 Mt of monazite, a key thorium and REE-bearing mineral.
- Coastal and inland deposits also include:
- 761.97 Mt of titanium-bearing minerals (ilmenite, rutile, leucoxene)
- 38 Mt of zircon (zirconium-bearing mineral)
- These deposits occur in:
- Andhra Pradesh, Odisha, Tamil Nadu, Kerala
- West Bengal, Jharkhand, Gujarat and Maharashtra
- Geological settings include coastal beach sands, teri/red sands, and inland alluvium.
Hard Rock Mineral Resources
- 1.29 Mt of in-situ Rare Earth Oxide resources have been established in hard rock formations in parts of Gujarat and Rajasthan.
- Associated in-situ resources in hard rocks include:
- 29,900 tonnes of Thorium Oxide
- 1,42,200 tonnes of Niobium Oxide
- 3,85,700 tonnes of Zirconium Oxide
- 81,300 tonnes of Vanadium Oxide
Lithium and Other Strategic Minerals
- 1,800 tonnes of lithium oxide (Li₂O) have been established in hard rocks in Karnataka, strengthening India’s domestic lithium resource base.
- Incidental to prospecting operations, AMD has stockpiled heavy mineral concentrates including:
- Columbite-Tantalite (Nb-Ta mineral)
- Beryl (beryllium mineral)
- Lepidolite, Spodumene and Amblygonite (lithium minerals)
- Xenotime (yttrium mineral)
Uranium Resources and Utilization
- AMD has established 4,39,800 tonnes of in-situ uranium oxide resources across several states, including:
- Andhra Pradesh, Telangana, Jharkhand, Meghalaya
- Rajasthan, Karnataka, Chhattisgarh
- Uttar Pradesh, Uttarakhand, Himachal Pradesh and Maharashtra
- Domestically produced uranium is used in domestically safeguarded nuclear reactors.
- Uranium required for IAEA-safeguarded reactors is imported, aligning with international nuclear agreements.
Exploration Strategy and Technological Approach
- AMD employs an integrated and multi-disciplinary exploration strategy, which includes:
- Heliborne and ground geophysical surveys
- Geological, geochemical and radiometric surveys
- Exploratory drilling
- These efforts are focused on identified thrust areas to augment resources of critical and strategic minerals.
Role of Public Sector Enterprises
- IREL (India) Limited, a PSU under DAE, produces:
- Titanium-bearing minerals
- Zircon-bearing minerals
- Rare Earth Elements for the nuclear energy sector
- Kerala Minerals and Metals Limited (KMML), a state PSE of Kerala, also undertakes similar mineral production activities.
- IREL operates:
- Three integrated mineral sand mining and processing facilities
- A facility for extraction and refining of Rare Earths
- IREL has received:
- Letters of Intent (LOIs) for three deposits (two in Odisha, one in Tamil Nadu)
- Nomination as prospective lessee for one deposit in Andhra Pradesh
- Pre-project activities are underway to expand processing capacity.
Policy Significance and Parliamentary Disclosure
- The information was provided by Dr. Jitendra Singh in a written reply to the Rajya Sabha.
- The data highlights:
- India’s push towards resource security
- Reduced dependence on imports for critical and strategic minerals
- Strengthening of the domestic supply chain for nuclear energy and strategic technologies
Notification of Coking Coal as a Critical & Strategic Mineral
Context and Policy Alignment
- The Government of India has notified Coking Coal as a Critical and Strategic Mineral under the MMDR Act, 1957.
- The move aligns with:
- Structural reforms in the mining sector
- The vision of Aatmanirbhar Bharat
- Long-term national goals under Viksit Bharat 2047
- Decision based on recommendations of:
- High-Level Committee on Implementation of Viksit Bharat Goals (HLC-VB)
- NITI Aayog, recognising coking coal’s strategic importance.
Strategic Importance of Coking Coal
- Coking coal is an irreplaceable input for steel production, directly impacting infrastructure, manufacturing, and defence.
- India possesses 37.37 billion tonnes of coking coal resources:
- Predominantly in Jharkhand
- Additional reserves in Madhya Pradesh, West Bengal, and Chhattisgarh
- Despite availability, India remains highly import-dependent:
- Imports rose from 51.20 MT (2020–21) to 57.58 MT (2024–25)
- Nearly 95% of steel sector demand met through imports.
- This dependence causes:
- Foreign exchange outgo
- Supply-chain vulnerability
- Exposure to global price volatility and geopolitical risks
Legal and Regulatory Changes
- Exercising powers under Section 11C of the MMDR Act, the Central Government amended the First Schedule:
- In Part A, “Coal” revised to “Coal, including Coking Coal”
- Coking Coal added to Part D, which lists Critical and Strategic Minerals
- This reclassification elevates coking coal’s policy priority.
Key Regulatory Benefits of the New Classification
- Faster approvals and clearances for mining projects.
- Improved ease of doing business in the mining sector.
- Acceleration of exploration and mining, including deep-seated deposits.
- Exemption from public consultation requirements for critical minerals.
- Permission to use degraded forest land for compensatory afforestation.
- Expected to enhance private sector participation and investment.
Economic and Industrial Implications
- Likely to:
- Reduce import dependence over time.
- Strengthen supply-chain resilience for the steel industry.
- Support objectives of the National Steel Policy.
- Encourages:
- Private investment in exploration, beneficiation, and processing
- Adoption of advanced and efficient mining technologies
- Employment generation across:
- Mining
- Logistics
- Steel and allied industries
Federal and Revenue Considerations
- As per Section 11D(3) of the MMDR Act:
- Royalty, auction premium, and statutory payments will continue to accrue to State Governments
- This holds even when mineral auctions are conducted by the Central Government
- Ensures cooperative federalism and protects state revenues.
Overall Significance
- Strengthens national mineral security.
- Enhances self-reliance in critical industrial inputs.
- Reduces external vulnerabilities while supporting industrial growth and employment.
- Marks a decisive step toward building a resilient, self-reliant industrial ecosystem, advancing the vision of Viksit Bharat 2047.
India–Saudi Arabia Security Dialogue
India–Saudi Arabia Security Dialogue
- India and Saudi Arabia held a security dialogue in Riyadh.
- The meeting involved a comprehensive review of ongoing security cooperation between the two countries.
- Discussions focused on terrorism-related threats, both globally and within their respective regions.
Institutional Framework
- The talks were held under the 3rd India–Saudi Arabia Security Working Group.
- It was co-chaired by:
- Vinod Bahade, Joint Secretary (Counter Terrorism), Ministry of External Affairs (India)
- Ahmed Al-Eissa, Director-General (Legal Affairs and International Cooperation), Ministry of Interior (Saudi Arabia)
- The Working Group functions as a continuing mechanism under the India–Saudi Arabia Strategic Partnership Council (SPC).
Key Areas of Cooperation Discussed
- Counter-terrorism cooperation, including:
- Countering extremism and radicalisation
- Combating terror financing
- Preventing misuse of technology for terrorist purposes
- Addressing the nexus between transnational organised crime and terrorism
- Emphasis on tackling emerging and evolving security challenges.
Condemnation of Terror Attacks
- Both sides condemned recent terrorist incidents in India, including:
- The April 22, 2025 Pahalgam attack
- The November 10, 2025 attack near the Red Fort
- The discussions underscored shared concerns over cross-border and global terrorism.
Legal and Law Enforcement Cooperation
- Officials discussed steps to:
- Enhance bilateral legal and judicial cooperation
- Strengthen law enforcement collaboration
- This reflects a move beyond intelligence sharing towards institutional and legal coordination.
Strategic and Diplomatic Significance
- Indian officials described the dialogue as a robust and effective framework for sustained cooperation.
- The timing of the dialogue drew attention as it followed closely after India’s defence engagement with the UAE.
- It signals India’s intent to maintain balanced and independent strategic ties with key West Asian powers.
Regional Geopolitical Context
- Relations between Saudi Arabia and the UAE have recently deteriorated, mainly due to:
- Divergent approaches to the conflict in Yemen
- Differences over regional influence in Libya and Sudan
- Saudi Arabia has accused the UAE of supporting forces inimical to Saudi strategic interests, though no formal punitive measures have been taken.
India’s Strategic Interests in the Gulf
- Both Saudi Arabia and the UAE are crucial partners for India, particularly in:
- Energy security
- Foreign investments
- Remittances, as both countries host large Indian expatriate populations
- India’s parallel engagement with both countries highlights its multi-aligned, interest-driven West Asia policy.
