Consider the following statements:
I. Prime Minister, Shri Narendra Modi inaugurated the headquarters of IN-SPACe at Bangalore.
II. In IN-SPACe “P” stands for “Priority”.
III. IN-SPACe is an autonomous and single window nodal agency in the Department of Space for the promotion, encouragement and regulation of space activities of both government and private entities. Which statement/statements is/are not correct?

The Prime Minister, Shri Narendra Modi inaugurated the headquarters of the Indian National Space Promotion and Authorisation Centre (IN-SPACe) at Bopal, Ahmedabad. The programme also witnessed the exchange of MoUs between IN-SPACe and private sector companies working in the field of space-based applications and services. The promotion and enabling of private entities in the space sector will provide a major fillip to the space sector and open up new vistas of opportunity for India’s talented youth. About IN-SPACe The establishment of IN-SPACe was announced in June 2020. It is an autonomous and single window nodal agency in the Department of Space for the promotion, encouragement and regulation of space activities of both government and private entities. It also facilitates the usage of ISRO facilities by private entities.