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

  • IASbaba
  • June 25, 2020
  • 0
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Indian National Space Promotion and Authorization Centre (IN-SPACe)

Part of: GS Prelims and Mains – III – Science and Technology

In news:

  • Union Cabinet approves the creation of the Indian National Space Promotion and Authorization Centre (IN-SPACe)
  • IN-SPACe will provide a level playing field for private companies to use Indian space infrastructure.
  • IN-SPACe will also hand-hold, promote and guide the private industries in space activities through encouraging policies and a friendly regulatory environment.

Important value addition:

About New Space India Ltd.

  • It is the Department of Space’s second commercial arm (after Antrix) that was announced in Budget 2019.
  • Its objective is to use research and development carried out by ISRO over the years for commercial purposes through Indian industry partners.
  • One of the mandates of NSIL aims to mass-produce and manufacture the SSLV and the more powerful PSLV in partnership with the private sector in India through technology transfers.
  • NSIL will deal with capacity building of local industry for space manufacturing. 

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