Prime Minister Narendra Modi launches Indian Space Association | Daily Current Affairs 2021
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Prime Minister Narendra Modi launches Indian Space Association

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Indian Space Association (ISpA)

Indian Space Association (ISpA): Prime Minister Narendra Modi on 11th October 2021 launched the Indian Space Association (ISpA) via video conferencing.

Key Points about ISpA:

  • ISpA is the premier industry association of space and satellite companies in India.
  • In line with the Prime Minister’s vision of Atma Nirbhar Bharat, ISpA will make India self-reliant, technologically advanced and a leading player in the Global Space arena. 
  • It will undertake policy advocacy and engage with all stakeholders in the Indian space domain, including the government and its agencies such as NewSpace India Ltd (NSIL) and Indian National Space Promotion and Authorization Centre (IN-SPACe), among others.
    1. The reforms in the space sector are based on four pillars:
    2. Freedom of innovation to the private sector.
    3. The government’s role as an enabler.
    4. Preparing the youth for the future.
  • Seeing the space sector as a tool for the development of the common man.
  • ISpA has appointed Jayant Patil, senior executive vice president-defence, L&T-NxT as its first chairman and Rahul Vatts, chief regulatory officer, Bharti Airtel as vice chairman. Lt Gen AK Bhatt (Retd) has been named as the body’s director-general.
  • The founding members of ISpA include Nelco (Tata group), Larsen & Toubro, Bharti Airtel, OneWeb, Mapmyindia, Walchandnagar Industries and Ananth Technology Limited while the core members includes BEL, Godrej, Azista-BST Aerospace Private Limited, Hughes India, Centum Electronics and Maxar India.

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