Mumbai: Minister of State for Atomic Energy and Space, Jitendra Singh announced on Wednesday, that a new institution- Indian National Space, Promotion and Authorisation Centre has been formed to guide the private industries in space activities encouraging policies in a friendly regulatory environment.
In a press conference post-cabinet meeting, he said, “A new institution has been formed. It will be known as Indian National Space, Promotion and Authorisation Centre. It will guide the private industries in space activities through encouraging policies in a friendly regulatory environment.”
“Indian National Space, Promotion & Authorisation Centre is not a new institution but its role has been extended into ISRO. This is a new turn in the arena of space. They will supplement each other’s work they will not work at cross purposes,” he said.
ISRO being the basic organization will decide what activities or projects will be carried out. This new facility is introduced to fill the gap and fulfil demand mode, said the minister.
In a cabinet meeting chaired by Prime Minister Narendra Modi, several far-reaching reforms in the space sector were approved aiming at boosting private sector participation in space activities.
A press release from the Prime Minister’s office said, “These reforms will allow ISRO to focus more on research and development activities, new technologies, exploration missions and human spaceflight programme. Some of the planetary exploration missions will also be opened up to the private sector through an ‘announcement of opportunity’ mechanism.”
It also mentioned that IN-SPACe will provide a level playing field for private companies to use Indian space infrastructure and also handhold, promote and guide the private industries in space activities.
The Public Sector Enterprise ‘New Space India Limited (NSIL)’ will endeavour to re-orient space activities from a ‘supply-driven’ model to a ‘demand-driven’ model, thereby ensuring optimum utilization of our space assets.
(With ANII Inputs)