Space The Indian Space Policy 2023 The Indian Space Policy 2023 that seeks to institutionalise the private sector participation in the space sector, with ISRO focusing on research and development of advanced space technologies. The policy will allow the private sector to take part in end to end space activities that include building satellites, rockets and launch vehicles and data collection. About ISRO: ISRO or Indian Space Research Organisation is India’s space agency founded in 1969. ISRO is headquartered in Bengaluru. Its vision is to harness space technology for national development, while pursuing space science research and planetary exploration. Shri S. Somanath is the incumbent chairman of ISRO.