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In a first,the Central Government on Wednesday formed a new institution-Indian National Space,Promotion And Authorisation Center (IN-SPACe)– to provide opportunities for private companies to use space infrastructure .

The decision taken is in line with the long-term vision of Prime Minister Narendra Modi of transforming India and making the country self-reliant and technologically advanced.The Indian Space Research Organisation (ISRO) will continue to play its role, the government said, adding that the new organization will supplement it.“It’ll guide the private industries in space activities through encouraging policies in a friendly regulatory environment,” said Jitendra Singh, Minister of State for Atomic Energy & Space.

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These reforms, the government said, will allow ISRO to focus more on research and development activities, new technologies, exploration missions and human spaceflight programme. The Public Sector Enterprise ‘New Space India Limited (NSIL)’ will endeavor to re-orient space activities from a ‘supply driven’ model to a ‘demand driven’ model, thereby ensuring optimum utilisation of space assets.

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Some of the planetary exploration missions will also be opened up to the private sector through an ‘announcement of opportunity’ mechanism, the government said.With this, the government believes that there is an opportunity for large- scale employment in the technology sector and India becoming a global technology powerhouse.