IN SPACe Inaugration: IN-SPACe Headquarters Inaugurated in Ahmedabad

Table of Contents

IN SPACe Inaugration: Relevance

GS 3: Achievements of Indians in science & technology; indigenization of technology and developing new technology.

Recently, Prime Minister has inaugurated the headquarters of the Indian National Space Promotion and Authorization Centre (IN-SPACe) in Ahmedabad, Gujarat.

The programme also witnessed the exchange of MoUs between IN-SPACe and private sector companies working in the field of space-based applications and services.
The promotion and enabling of private entities in the space sector will provide a major fillip to the space sector and open up new vistas of opportunity for India’s talented youth.
The Prime Minister termed the launch of IN-SPACe as a ‘watch this space’ moment for the Indian space industry as it is a precursor to many developments and opportunities.

IN-SPACe is an autonomous and single window nodal agency in the Department of Space for the promotion, encouragement and regulation of space activities of both government and private entities.
IN-SPACe will act as a single window, independent nodal agency to take care of all the needs of the private sector.
It also facilitates the usage of ISRO facilities by private entities.
The establishment of IN-SPACe was announced in June 2020.

IN-SPACe will create opportunities for both the government and the private sector.
IN-SPACe is a step towards reforming the space sector, freeing it from all restrictions, and supporting the private industry.
IN-SPACe needs to work continuously for making the gains of space technology accessible to the people of the country.

The global space industry is valued at 400 billion US dollars and has a potential to become a 1 trillion-dollar industry by 2040.
India needs to increase its share in the global space industry and the private sector will play a big role in that.
New fields like space tourism and space diplomacy need to be explored to walk shoulder to shoulder with the other advanced nations.
India is working on a New Indian Space Policy for coordinating between government companies, space industries, startups and institutions.

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