Space Regulations in India
The private actors in outer space from India consequently would participate in the global development. The Industry Participation Policy is made to boost the domestic industries for national space programmes. The commercialisation Policy is targeted to capture the global commercial market through national space assets, products and services. Intellectual Property Policy is also followed by Indian Space Research Organisation to regulate the space technology developed and transferred. A few legislations appears to be for direct financing like banking or insurance whereas the legislations for infrastructure development or land or dispute settlement are basically to attract high profile private actors as investors in space industry. The private actors in outer space whether Indian or non-Indian both have to maintain the Reserve Bank of India Act as well as its rules and regulations with guidelines issued from time to time. There are umpteen numbers of institutions or societies that contribute towards the regulation of private actors.