: New Space Policy to impulse Private sector participation: PM Modi #FinanceIndia #StockMarketNEWS New Space Policy to impulse Private sector participation: PM Modi Ahmedabad, June 11 (KNN) Prime

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New Space Policy to impulse Private sector participation: PM Modi #FinanceIndia #StockMarketNEWS
New Space Policy to impulse Private sector participation: PM Modi Ahmedabad, June 11 (KNN) Prime Minister Narendra Modi said that the government is working on a new Indian Space Policy for coordinating between government companies, space industries, startups and institutions.

“We are soon going to bring a policy to improve ease of doing business (EoDB) in the space sector,“ he said in Ahmedabad on Friday.

He was the inaugural of the headquarters of the Indian National Space Promotion and Authorisation Centre (IN-SPACe) at Bopal, Ahmedabad.

The programme also witnessed the exchange of MoUs between IN-SPACe and private sector companies working in the field of space-based applications and services.

The promotion and enabling of private entities in the space sector will provide a major fillip to the space sector and open up new vistas of opportunity for India’s talented youth, said the PM.

Union Minister Amit Shah, Chief Minister of Gujarat Bhupendrabhai Patel and representatives of the space industry were among those present on the occasion.

He invited youth from all over India, especially from Gujarat, to take full advantage of these institutions.

The establishment of IN-SPACe was announced in June 2020.

It is an autonomous and single window nodal agency in the Department of Space for the promotion, encouragement and regulation of space activities of both government and private entities. (KNN Bureau)