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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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