India has recently released a draft of its "Spacecom Policy 2020," which seeks to encourage greater private sector participation in the country's space economy. The policy document outlines several measures to boost the involvement of private sector, and establish a regulatory environment that fosters innovation and entrepreneurship.

This move marks an important shift in India's space industry, which has traditionally been dominated by state-run organizations such as the Indian Space Research Organisation (ISRO). The policy aims to increase the share of the Indian space industry in the global space economy from 2% to 10% by 2030 and create 100,000 new jobs in the sector.

The Spacecom Policy 2020 reflects India's growing ambitions in the space sector and its desire to establish itself as a major player in the global space industry. By opening up the sector to private companies, India hopes to spur innovation, drive economic growth, and establish new business models in the space economy.

The policy document seeks to promote collaboration between the public and private sectors in areas such as satellite communication, Earth observation, and space exploration. It also outlines measures to create a regulatory environment that fosters innovation and entrepreneurship with the establishment of a Spacecom Promotion and Authorization Centre (SPAC) to facilitate clearances and approvals for private sector activities in the space industry.

Moreover, the policy creates a field for private companies which will provide them with access to space infrastructure, including satellites, ground stations and other facilities.