Prime Minister Narendra Modi has inaugurated the headquarters of the Indian National Space Promotion and Authorisation Centre (IN-SPACe) at Bopal, Ahmedabad.
About IN-SPACe –
- Indian National Space, Promotion & Authorisation Centre (IN-SPACe) is an autonomous and single window nodal agency in the Department of Space for the promotion, encouragement and regulation of space activities of both government and private entities. It also facilitates the usage of ISRO facilities by private entities.
- It is aimed to help private players through encouraging policies, through a regulatory environment that is friendly as well as guiding private players in space activities.
- Indian Space Research Organisation (ISRO) will remain the basic body that decides what missions are to be undertaken but this new body will help fill the gaps.
- The IN-SPACe will also hand-hold, promote and guide the private industries in space activities through encouraging policies and a friendly regulatory environment.
- ’New Space India Limited (NSIL)’ would endeavour to reorient space activities from a ‘supply driven’ model to a ‘demand driven’ one, thereby ensuring optimum utilisation of the nation’s space assets.
About New Space India Limited –
- The establishment of NSIL was announced in Budget 2019.
- One of the mandates of NSIL is to mass-produce and manufacture the SSLV (Small Satellite Launch Vehicle) and the more powerful PSLV (Polar Satellite Launch Vehicle) in partnership with the private sector in India through technology transfers.
- Its aim is to use research and development carried out by ISRO over the years for commercial purposes through Indian industry partners.
- It differs from ISRO’s existing commercial arm Antrix Corporation – Antrix will handle ISRO’s commercial deals for satellites and launch vehicles with foreign customers. NSIL will deal with capacity building of local industry for space manufacturing.