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Indian Space Promotion and Authorization Centre (IN-SPACe) to promote private   investment and innovation in the space sector: Dr Jitendra Singh

23rd September, 2020 Science and Technology

Context: Government has launched the Indian Space Promotion and Authorisation Centre (IN-SPACe) to promote private investment and innovation in the space sector.

About IN-SPACe:

  • It will facilitate and support the Private Sector in the following ways:
    • Provide technical support
    • Share cash intensive facilities
    • Allow to establish temporary facilities in DOS premises
    • Allow to bid for requirements coming from NSIL
    • Partner in science and space exploration missions

IN-SPACe is the Institutional and Regulatory mechanism established by Government to facilitate greater private participation. Financial provisions are not covered under this mechanism.

Private players can participate in:

  • Building satellites
  • Building launch vehicles
  • Carry out launches
  • Develop Applications & provide space based services
  • Develop subsystem and systems for space sector activities

Reference: https://pib.gov.in/PressReleasePage.aspx?PRID=1657766