IN-SPACe

IN NEWS:

• Creation IN-SPA Cewas cleared by the Union Cabinet as part of reforms in the sector that is growing fast in the world.

ABOUT IN-SPACe:

• IN-SPACe is newly-announced body under the Department of Space.
• IN-SPACe is the acronym for Indian National Space Promotion and Authorisation Centre.
• It will be the nodal national entity to drive building of satellites, rockets, or launch services through Indian industry.
• The new vertical with its own chairman and board will function autonomously and parallel to ISRO.
• It will be powerful enough to promote and regulate all space-related activities of private industries.
• ISRO and its centres will focus on developing advanced technologies, human space flights, and the like. It will share its technical expertise with IN-SPACe.
• IN-SPACe will be in place in three to six months. Meanwhile DoS will immediately start receiving and processing applications from private sector industries.
• The year-old NSIL NewSpace India Ltd will have a larger role and be the industry front of IN-SPACe.

PRELIMS QUESTION:

Q. Consider the following statements regarding the recently constituted “IN-SPACe”

1. It will function under the control of ISRO.
2. It aims at involvement of Private sector in space development.

Which of the statements given above is/are correct?

1. 1 only
2. 2 only
3. Both 1 and 2
4. Neither 1 nor 2

Answer to Prelims question