IN-SPACe (Indian National Space Promotion and Authorisation Centre)
Key points from the mind map:
- Formation and Structure: IN-SPACe was established in 2020, operating under the jurisdiction of the Government of India, with its headquarters in Ahmedabad, Gujarat. Prime Minister Narendra Modi serves as the Minister responsible.
- Role and Objectives: As an autonomous agency under the Department of Space, IN-SPACe is a single-window independent nodal agency that supervises and authorizes space activities of Non-Government Entities (NGEs).
- Facilitation of Private Sector: IN-SPACe was created to enable the participation of the Indian private sector in space activities, marking a significant policy shift in June 2020.
- Directorates: IN-SPACe consists of three directorates: Promotion, Technical, and Program Management and Authorization.
- IN-SPACe as a Link: It acts as a link between ISRO and the private sector, evaluating and facilitating their demands in the space sector.
- Autonomy and Leadership: IN-SPACe functions as an autonomous body with a board that includes members from the private sector. Dr. Pawan Kumar Goenka serves as its chairman.
- Recent Developments (December 2023):
- The Indian Space Policy 2023 was approved, which is a comprehensive document defining the roles of ISRO, IN-SPACe, and NSIL and removing barriers for non-government entities in the space sector.
- A new Foreign Direct Investment policy for the space sector is set to be finalized to attract global investment.
- India’s space economy, currently valued at about $8 billion, is expected to grow significantly, with aspirations to become a hub for small satellite manufacturing and launching small launch vehicles.
- India’s competitive advantages in the space sector include new institutional support, state-level policies, a large domestic market, a high number of STEM graduates, and competitive labor costs.
