New Delhi, June 24 (ANI): Minister for State in Atomic Energy and Space, Jitendra Singh, on June 24 informed that a new institution IN-SPACE (Indian National Space, Promotion & Authorisation Centre) has been formed to guide private sector’s participation in space activities. “A new institution has been formed. It will be known as Indian National Space, Promotion & Authorisation Centre. It'll guide the private industries in space activities through encouraging policies in a friendly regulatory environment,” said Jitendra Singh in a cabinet briefing. This is a part of the reforms announced by Finance Minister Nirmala Sitharaman under coronavirus economic stimulus package last month.