ISPA

  • Recently, the Prime Minister has launched the Indian Space Association (ISpA) via video conferencing. ISpA will act as a single-window and independent agency on matters related to space technology.
  • The PM also remarked that the Government’s approach to space reforms is based on 4 pillars.

Important points:

  • ISpA aspires to be the collective voice of the Indian Space industry. ISpA will be represented by leading domestic and global corporations that have advanced capabilities in space and satellite technologies.
  • ISpA will undertake Policy Advocacy and engage with all stakeholders in the Indian Space domain, including the Government and its Agencies, to make India self-reliant, technologically advanced and a leading player in the space arena.
  • ISpA will also work towards building global linkages for the Indian space industry to bring in critical technology and investments into the country to create more high skill jobs.

Significance

  • One of the main goals of the organisation is to supplement the government’s efforts towards making India a global leader in commercial space-based excursions.
  • Of late, ISRO’s rockets have been carrying the payload and communication satellites of various countries; now, private players will also look to touch on this space with the new organisation.
  • Several private sector companies have shown an interest in India’s space domain, with space-based communication networks coming to the fore.

SOURCE: THE HINDU, THE ECONOMIC TIMES,MINT

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