Context: Recently, Union Government has approved the setting up of a new body named the Indian National Space Promotion and Authorization Centre(IN-SPACE) to provide a level playing field for private companies to use Indian space infrastructure.
About IN-SPACe

• Indian National Space Promotion and Authorisation Centre (IN-SPACe) is the new body that the government has formed which will act as a regulator and whose rulings would be bound by both the space agency as well as private firms in the country.
• IN-SPACe will hand-hold, promote and guide the private industries in space activities through encouraging policies and a friendly regulatory environment.
• It is part of reforms aimed at giving a boost to private sector participation in the entire range of space activities.

Objectives:
Boost to private industries:

• Creation of the IN-SPACe is part of reforms aimed at giving a boost to private sector participation in the entire range of space activities.
• It will also hand-hold, promote and guide the private industries in space activities through encouraging policies and a friendly regulatory environment.

Optimum utilisation of space assets:

• New Space India Limited (NSIL) would endeavour to reorient space activities from a ‘supply-driven’ model to a ‘demand-driven’ one, thereby ensuring optimum utilisation of the nation’s space assets.

ISRO to focus on core activities:

• These reforms would allow the ISRO to focus more on research and development activities(R&D), new technologies, exploration missions and human spaceflight programme.
• Some of the planetary exploration missions will also be opened up to the private sector.

Other Agencies working in Space domain:
New Space India Limited (NSIL)

• It functions under the administrative control of Department of Space (DOS).
• It aims to commercially exploit the research and development work of ISRO Centres and constituent units of DOS.
• The NSIL would enable Indian Industries to scale up high-technology manufacturing and production base for meeting the growing needs of the Indian space programme.
• It would further spur the growth of Indian Industries in the space sector.

ANTRIX

• Antrix Corporation Limited (ACL), Bengaluru is a wholly-owned Government of India Company under the administrative control of the Department of Space.
• It is as a marketing arm of ISRO for promotion and commercial exploitation of space products, technical consultancy services and transfer of technologies developed by ISRO.
• Antrix is engaged in providing Space products and services to international customers worldwide.