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DAILY NEWS ANALYSIS

GS-III :
  • 27 June, 2020

  • 1 Min Read

IN-SPACe - NSIL

IN-SPACe

Union Government has given approval to Indian National Space Promotion and Authorization Centre (IN-SPACe). It will be the nodal national entity under the Department of Space to drive building of satellites, rockets, or launch services through Indian industry. It will provide a level playing field for private companies to use Indian space infrastructure. It will also hand-hold, promote and guide the private industries in space activities through encouraging policies and a friendly regulatory environment

NSIL

New Space India Limited (NSIL) is a Central Public Sector Enterprise of Government of India. It is Head Quartered in Bangalore. It was established on March 2019 under the administrative control of Department of Space (DOS), India. The main objective is to scale up industry participation in Indian space programs. NSIL will endeavor to re-orient space activities from a ‘supply driven’ model to a ‘demand driven’ model, thereby ensuring optimum utilization of our space assets.

Source: PIB


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