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

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