IN-SPACE – SCI & TECH
News: IN-SPACe
authorizes India’s first-ever private launch of a Launch Vehicle
What's in the news?
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Recently, the Indian
National Space Promotion and Authorization Center (IN-SPACe), authorized the
first private sector launch of a Launch Vehicle by Skyroot Aerospace, a Hyderabad based space start-up.
About Indian National Space Promotion and
Authorization Center:
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To facilitate private sector participation, the government has created
the Indian National Space Promotion and Authorization Centre (IN-SPACe), in
June 2020, as a single-window,
independent, nodal agency which functions as an autonomous agency in the
Department of Space (DOS).
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Established as a single window agency for all space sector
activities of private entities, IN-SPACe plays an important role in
boosting the private space sector economy in India.
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IN-SPACe, is responsible
to promote, enable authorize and
supervise various space activities of the NGEs (Non-Governmental Entities) that
include, among others, the building of launch vehicles & satellites and
providing space-based services; sharing of space infrastructure and premises
under the control of DOS/ISRO; and establishment of new space infrastructure
and facilities.
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It is meant to act as
“the agency to promote, handhold and authorize private sector activities in the
sector, besides enabling sharing of technical facilities and expertise from
ISRO”.
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In-SPACe had signed MoUs with 13 such start-ups and
would soon sign with four more. In-SPACe planned to open incubation centers in
India, which would help start-ups access funds and legal advice.