New govt facility to boost space startups.

Syllabus: GS-III, Subject: Science & Technology, Topic: Space Technology, Issue: IN-SPACe

Context: India’s space regulatory body IN-SPACe has opened its first technical centre in Ahmedabad.

Gist:

  • It will offer shared infrastructure including for simulations on climate, thermal and vacuum environment, etc.
  • Incentivize private companies to develop technologies and help boost commercial space
  • India aims to grow its share in the global space economy from 2% to 8% by 2033.
Indian National Space Promotion and Authorization Centre (IN-SPACe)

●      Single-window, independent nodal agency under the Department of Space (DOS).

●      Responsible for interfacing between ISRO and private entities for promoting, enabling, authorising and supervising various space activities of private entities.

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