What is in news : Government informed Parliament Space Activities Bill is under active consideration of the Government which will include aspects pertaining to regulation and promotion of private players in space sector.

Details :

• Aim – creating an ecosystem to encourage more private participation in indigenous production of space technologies, services and devices.
• In line with announcement of Government of India about space sector reforms in June 2020
• Indian National Space Promotion and Authorization Centre (IN-SPACe) was created as an independent nodal agency under the Department of Space with the mandate of promoting, handholding, licensing, authorization and monitoring of private space activities in India
• IN-SPACe which is under creation will have Safety and Security Directorate to ensure security of ISRO installations when allowing access to private entities.
• Announcement of Opportunities will be done by offering challenges in new domains of space technology.
• Government of India is bringing in new sector policies and guidelines and also revising existing policies.