PIB News Update:Government has created Indian National Space, Promotion &Authorization Centre (INSPACe), under Department of Space to encourage, promote and hand hold the private sector for their participation in Space Sector. Private players will also be able to use ISRO infrastructure through INSPACe.The decision of Government was conveyed to the Members of the scientific community elaborately, and scientific community welcomed the Government decision.
The role of New Space India Limited (NSIL) in the post reformed space sector would be to build launch vehicles, providing launch services, build satellites, providing space based services, technology transfers, etc.
There are more than 500 companies that partner with ISRO in carrying out space activities. The broad areas and sectors covered by private companies are- providing materials, mechanical fabrication, electronic fabrication, system development, integration, etc.
This information was given by the Union Minister of State (Independent Charge), Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh in a written reply in Rajya Sabha today.
In another question regarding involvement of private initiative in space exploration, DrJitendra Singh said that Government would allow them to utilize those infrastructures of ISRO which are otherwise not available elsewhere in India and there will be reasonable charges for utilization of Government infrastructure which will be varying depending on the requirement.