MUMBAI: Indian Space Research Organisation ( ISRO ) wants more private companies to make space and satellite components for the government-run enterprise by assisting them with technology transfer and required infrastructure in a bid to help incubate a space industry in India. Tapan Mishra , director at Space Applications Centre at ISRO said the industry could expect about 20 per cent of its annual budget in business opportunity. ISRO has has received about Rs 6000 crore this financial year from the government, which is expected to go up to Rs 8900 crore in the upcoming budget for next year."This is not a large number but we are training people and sharing technology. You will also be able to monetise the reputation of working with us with the industry," said Mishra at ‘ Make in India ’ week on Wednesday.Scientific Secretary at ISRO YVN Krishna Murthy said the applications of the technology private industry will learn from them is "mind boggling", pointing at a bigger business opportunity worldwide. Space technology , according to them with them, can be used in commercial aerospace, defence, transportation, agriculture, metallurgy, space design and so on. Global space industry is as big as $300 billion, according to industry estimates."It is a huge thing to be associated with a space programme. You get to work with the best in the world," said Dhiraj Mathur, executive director at global consultancy PricewaterhouseCoopers."Volumes will not be high and budgets will always be constrained but once your capability improves to meet the stringent standards of a space programme you are put on a launch pad to do business with civilian aerospace and defence companies in India and abroad," he added.Currently private participation is quite small in ISRO as Indian companies have not been equipped enough in terms of technology and talent to make space components. ISRO expects private companies to make satellite components, space radars, rocket engines, batteries, space electrical components, optical camera components and so on in the coming years.ISRO’s commercial arm Antrix Corp provides space products and technical consultancy services to Indian and international customers worldwide. It launches satellites for international companies at competitive prices.