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.