Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the establishment of Indian National Space Promotion and Authorization Centre (IN-SPACe). It has been approved to encourage the participation of private sector in the entire range of space activities. It will also enable Indian Industry in becoming an important player in global space economy.
The Indian National Space Promotion and Authorization Centre (IN-SPACe) will offer a level playing field to the private companies by allowing them to use Indian space infrastructure. It will also hand-hold, promote as well as guide the private companies in space activities via encouraging policies along with friendly regulatory environment. These reforms in the Indian space sector will allow Indian Space Research Organisation (ISRO) to focus on research and development activities, new technologies, exploration missions as well as human spaceflight programme.
Important takeaways for all competitive exams:
- Chairman of Indian Space Research Organisation: K.Sivan; Headquarters: Bengaluru.
- Union Minister of Science and Technology: Harsh Vardhan.