Prime Minister of India, Narendra Modi, will launch the Indian Space Association (ISPA) on Monday.
The virtual inauguration ceremony will be held at 11am, said a tweet from the prime minister's official handle.
He will also interact with representatives of the space industry on the occasion.
In a release, the prime minister's office said that ISPA is a premier industry association of space and satellite companies, which aspires to be the collective voice of the Indian space industry.
"It will undertake policy advocacy and engage with all stakeholders in the Indian space domain, including the government and its agencies," it added.