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On the occasion, Prime Minister Modi remarked, "'Watch This Space' is a phrase used by today's youngsters to alert them to an exciting post. The launch of INSPACe is also a 'Watch This Space' moment for India's space sector. It will provide an opportunity to the brightest scientists in the public and commercial sectors."
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What exactly is INSPACe?
Composition of INSPACe
It includes space-related technical experts, as well as safety experts, academic experts, and legal and strategic experts from other departments.
It also includes representatives from the Indian government's PMO and MEA.
In cooperation with ISRO, it will also look into ways to meet these needs.
Private companies would be able to use the existing ISRO infrastructure to conduct space-related activities.
The following NGPE activities will be permitted and overseen by N-SPACe:
As defined by the definition of space activities, providing space-based services.
ISRO will be in charge of sharing space facilities and premises.
Private companies are constructing new space infrastructure and facilities.
To stimulate NGPE engagement in space activities, a proper system for promotion, handholding and sharing of technology and experience should be established.
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