Creation of IN-SPACe (2020)
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- Indian National Space Promotion and Authorization Center to facilitate and regulate private sector participation in the space sector.
- It is an independent nodal agency under Department of Space. To act as single-window agency for private sector involvement
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NSIL
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- Establishment of New Space India Limited (NSIL) under the Department of Space as commercial arm of ISRO.
- NSIL is a wholly-owned subsidiary of ISRO taking up its operational aspects of ISRO facilitating private participation in space.
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Functions of NSIL
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- Commercial aspects of ISRO providing services such as satellite launches, mission management, and other related services.
- Enables technology transfer from ISRO to private players
- Facilitate marketing of space-based products
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Indian Space Association
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- Established in 2021
- It is an industry body for space and satellite industries (similar to NASSCOM for software industry)
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Mission Defence Space
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- Objective: To develop innovative solutions for the Defense Forces in the space domain through private sector participation.
- In line with space sector reforms initiated as a part of Vision 2030 announced in 2019 budget.
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