Daily News Analysis

INDIAN NATIONAL SPACE PROMOTION AND AUTHORIZATION (IN-SPACE)

11th June, 2022 Polity and Governance

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In News

  • The Prime Minister has inaugurated the headquarters of the Indian National Space Promotion and Authorisation Centre (IN-SPACe) in Ahmedabad.
  • On the Occasion, several MoUs were signed between IN-SPACe and private sector companies.
    • The MoUs were signed for promoting cooperation in the field of space-based applications and services.
    • It will provide support to the space sector and open up new opportunities for youth.

 

Indian National Space Promotion and Authorization Centre (IN-SPACe)

  • IN-SPACe is an independent agency under the Department of Space.
    • The Department of Space is headed by the Prime Minister of India.
  • It allows and regulates space activities and the use of Department of Space-owned facilities by private entities.
  • It ensures greater private participation in the sector.
  • It takes care of the needs and demands of private players.
  • It explores ways to accommodate private sector requirements in consultation with ISRO.

 

https://www.pib.gov.in/PressReleasePage.aspx?PRID=1833029

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