IN-SPACe to encourage private firms to participate in India’s space sector, says Pawan Goenka

The Indian National Space Promotion and Authorisation Centre (IN-SPACe) will soon clarify regulations and announce policies to encourage more private firms to participate in India’s space sector, the space facilitator’s chairman-designate Pawan Goenka has said.

The government set up IN-SPACe last year to provide a level-playing field to private companies and startups in the space sector and ensure that they utilise the investments made by India’s space agency in building technology and infrastructure.

“In my new role, I am looking to set targets, define strategies, responsibilities and monitor the same. India’s share of the $440-billion global space economy is less than 2% and this is something we will work towards changing.