• Objective:  To act  as a single window nodal agency which will oversee and permit the activities of the private companies into the space sector. 
  • Activities which will be permitted include building of space launch vehicles, satellites and providing other space based services. 
• Governance: The IN-SPACe will consist of four directorates namely- Technical, Legal, Safety & Security, Monitoring & Promotion- which will carry on the functions and mandate assigned to the organization. 
  • The body will be headed by the Chairman and have technical experts, members from academia/industry and other members from the Prime Minister’s Office and Ministry of External Affairs.
• Nodal agency: Department of Space (DOS)
• Functions:
  • It will also oversee the sharing of the ISRO assets by the private players with due consideration to the present and ongoing projects of the ISRO.
  • It  will also handhold and guide the private players on the issue of technology, promotion and expertise. 

Low Earth Orbit (LEO) Satellite Network:

• Low Earth Orbit (LEO) satellites are located far closer to Earth than GEO satellites. 
• LEO satellites are generally found within 500-1,500 km. 
• LEO constellations continuously orbit the planet and are not fixed to one point like GEO satellites.

Geostationary orbit (GEO)

• Satellites in geostationary orbit (GEO) circle Earth above the equator from west to east following Earth’s rotation – taking 23 hours 56 minutes and 4 seconds – by traveling at exactly the same rate as Earth.
• This makes satellites in GEO appear to be ‘stationary’ over a fixed position.