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The Union cabinet, at a meeting chaired by Prime Minister Narendra Modi, on Wednesday approved the formation of a new organization, the Indian National Space Promotion and Authorisation Centre (IN-SPACe), seeking to open up space infrastructure to the private sector.
At a press briefing held shortly after the cabinet meeting, Union minister of state Jitendra Singh termed the decision тАЬhistoric.тАЭ
IN-SPACe will provide a level playing field for private sector companies to use Indian space infrastructure, he said. тАЬIt will also hand-hold, promote and guide the private industries in space activities,тАЭ he said.Read More…
