Privatization Of Space Agency Case Study
Chapter 7 – Privatization of Space agencies
Initially the space sector was in the hands of the government. But specific policies and behaviours were enforced by the government which made it impossible to accomplish certain space objectives. Thus private institutions came into being.
Benefits of private space agencies were many. The new satellites built were light and the turnaround time was very less. It dealt with small satellite manufacture with frugal innovation.
7.1 SpaceX
Space Exploration Technologies Corporation (SpaceX) is an American manufacturer and space transport service provider with headquarters in the USA. It was founded Elon Musk with the goal of making technologies to reduce space transportation costs and enable the colonization …show more content…
Every superpower in the world has a advanced space agency. USA has NASA and all the developed countries of European union is a part of the ESA (European space agency).
With a firm grip on space firm, ISRO might be the final piece in the jigsaw of India becoming superpower. Modi’s plan to improve India’s business regulations, thus creating free market is working. The second step was improving India’s infrastructure whereas the most important part of india’s infrastructure is human resource. India has a young population of workers
43
with 65% of whom are in under 35 years which will give India an edge in later years.
To realize the potential of this human capital, the government has launched several initiatives aimed at improving education, retraining rural workers for skilled jobs in other sectors, providing bank accounts to all Indians to teach personal financial planning, offering free life insurance, encouraging the wider use of computers and the Internet, and generally modernizing the workforce for the big jobs boom coming up in the fast-growing healthcare, information technology, telecom, and retail sectors.
8.3 ISRO – Boosts India’s
Initially the space sector was in the hands of the government. But specific policies and behaviours were enforced by the government which made it impossible to accomplish certain space objectives. Thus private institutions came into being.
Benefits of private space agencies were many. The new satellites built were light and the turnaround time was very less. It dealt with small satellite manufacture with frugal innovation.
7.1 SpaceX
Space Exploration Technologies Corporation (SpaceX) is an American manufacturer and space transport service provider with headquarters in the USA. It was founded Elon Musk with the goal of making technologies to reduce space transportation costs and enable the colonization …show more content…
Every superpower in the world has a advanced space agency. USA has NASA and all the developed countries of European union is a part of the ESA (European space agency).
With a firm grip on space firm, ISRO might be the final piece in the jigsaw of India becoming superpower. Modi’s plan to improve India’s business regulations, thus creating free market is working. The second step was improving India’s infrastructure whereas the most important part of india’s infrastructure is human resource. India has a young population of workers
43
with 65% of whom are in under 35 years which will give India an edge in later years.
To realize the potential of this human capital, the government has launched several initiatives aimed at improving education, retraining rural workers for skilled jobs in other sectors, providing bank accounts to all Indians to teach personal financial planning, offering free life insurance, encouraging the wider use of computers and the Internet, and generally modernizing the workforce for the big jobs boom coming up in the fast-growing healthcare, information technology, telecom, and retail sectors.
8.3 ISRO – Boosts India’s