New Delhi: The Indian cabinet, chaired by Prime Minister Narendra Modi, has taken a slew of decisions that include opening up the Indian space sector, pumping in money to create dairy infrastructure in the country, constructing an international airport at Kushinagar to boost tourism in the Buddhist circuit.

Talking about the creation of a new space body, Minister of State for Atomic Energy & Space, Jitendra Singh said, "A new institution has been formed. It will be known as Indian National Space, Promotion & Authorisation Centre. It will guide the private industries in space activities through encouraging policies in a friendly regulatory environment."

This, the minister claimed, will open up the space sector. However, to a question whether ISRO's role has been curtailed, he clarified that all these agencies will supplement each other. He also said that this will stop the "brain drain' from India. Singh said, while ISRO will continue to do what it has been doing, the new body will "fill the gap and fulfill demand.

Jitendra Singh added that the newly created Indian National Space Promotion and Authorization Centre (IN-SPACE) provides a level playing field for private companies to use Indian space infrastructure. It will also hand-hold, promote and guide the private industries in space activities.

Meanwhile, in a significant move that concerns the rural economy, the cabinet approved establishment of Animal Husbandry Infrastructure Development Fund worth Rs 15,000 crore. The government said that it will provide 3 percent interest subvention to eligible beneficiaries. while, Information and Broadcasting Minister Prakash Javadekar claimed that it will help generate more jobs, Animal Husbandry Minister Giriraj Singh claimed that the new infrastructure will help India create quality cheese which was not possible so far. 

The cabinet also took a decision that may help the tourism sector that has taken a massive hit ever since the pandemic hit India. The cabinet on Wednesday also approved declaration of Kushinagar airport in Uttar Pradesh as an international airport. Javadekar said this will give a boost to the Buddhist circuit and bigger flights like an Airbus can land in the longer airstrips.