Govt ratifies decision of boosting private sector participation in space sector in country

New Delhi, June 24 :
Cabinet meeting held under the chairmanship of Prime Minister Narendra Modi ratified the decision of boosting private sector participation in space sector in the country.

Union Atomic Energy and Space Minister, Dr. Jitendra Singh informed that that government will constitute Indian National Space Promotion and Authorization Centre (IN-SPACE) for effective socio-economic usage of space technology.

Dr. Singh added that, the Public Sector Enterprise, New Space India Limited (NSIL) will endeavour to re-orient space activities from a supply driven model to a demand driven model, thereby ensuring optimum utilization of our space assets.