IN SPACe Inaugration: IN-SPACe Headquarters Inaugurated in Ahmedabad

 

IN SPACe Inaugration: Relevance

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

 

IN SPACe Ahmedabad: Context

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

 

IN SPACe Bopal: Key points

• 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.

 

 

What is IN-SPACe?

• 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.

 

 

Significance of IN-SPACe

• 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.

 

IN SPACe hq: Why needed?

• 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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