Cabinet Nod for Private Sector in Space

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 “historic.”

IN-SPACe will provide a level playing field for private sector companies to use Indian space infrastructure, he said. “It will also hand-hold, promote and guide the private industries in space activities,” he said.Read More…