The mysterious object found on a secluded beach in Australia belongs to India.
According to the BBC, the discovery of the massive metal fragment, found in mid-July, 250 km north of Perth, had given rise to various theories about its origin.
India confirmed to the BBC on Monday that the golden fragment was part of a PSLV (Polar Satellite Launch Vehicle) designed by the Indian space agency and used to launch satellites into space.
A spokesman for the Indian Space Research Organization (ISRO) explained that it was up to Australia to decide the fate of the facility and had no further comment.
Some countries are moving forward with special planning so that "space debris" from rockets launched into space falls into the ocean and away from populated areas.
The Australian Space Agency (ASA) had earlier said it was working with India "to determine next steps in compliance with any obligations under UN space agreements".
As the BBC points out, in many cases countries require the recovery of space debris located outside their borders, as it is useful in the context of the analysis of the relevant space mission. However, in this case, experts say, India has no scientific benefit from recovering the fragment and it can remain in Australia.
Earlier, the country's Prime Minister Roger Cook had suggested that the fragment be preserved in a state museum, along with the wreckage of NASA's Skylab station that was discovered in 1979. For their part, the residents of the area expressed the wish that it it remains where it is, so that it can be a tourist attraction in the future.