India’s Space Sector reform, possibilities and growth
India’s space sector reforms, unveiled in June 2020,
It has fueled explosive growth among the country’s space startups over the last four years.
Gen Z engineers, designers, coders, and scientists are spearheading R&D and innovation, delivering cutting-edge solutions through fresh perspectives, advanced expertise, and a commitment to digital transformation.
The Government of India now views the sector as a prime magnet for global investors.
To elevate India’s presence in the global space economy.
it has opened the floodgates for end-to-end space activities by both domestic firms and international players.
In February 2024, a revamped, investor-friendly FDI policy further accelerated international investments, technology transfers,
And joint research—allowing up to 100% FDI under automatic and government approval routes with defined sectoral caps.
As of now, 382 space tech startups registered with DPIIT via the Startups India portal, with full details publicly accessible there.
India’s space sector reforms, announced by the Government of India in June 2020,
The reforms have dramatically accelerated the growth of space startups across the country over the past four years.
Gen Z engineers, designers, coders, and scientists are leading research and development efforts, driving innovation with novel solutions powered by fresh ideas,
The cutting-edge skills, and a sharp emphasis on digital transformation.
India’s Space Sector reform, possibilities and growth
The Government of India regards the Indian space sector as an increasingly compelling hub for global investors.
Aiming to boost India’s share in the global space economy, the government has liberalized the sector to enable end-to-end space activities by both domestic and international players.
Complementing this, a revised, investor-friendly FDI policy launched in February 2024 promotes international investments, technology transfers,
And collaborative research opportunities—permitting up to 100% FDI through automatic and government routes with specified sectoral caps.
Currently, 382 space technology startups registered with DPIIT on the Startups India portal, where comprehensive details are publicly available.
India’s Space mission FAQs
These reforms allowed private companies to participate in all space activities, including satellite launches and planetary exploration, shifting from ISRO’s monopoly to a collaborative ecosystem.
IN-SPACe established as a single-window agency to promote, authorize, and regulate private involvement
IN-SPACe acts as a facilitator for private startups, providing access to ISRO facilities, issuing licenses, and ensuring compliance with international treaties like the Outer Space Treaty.
Up to 100% FDI permitted via automatic or government routes with sectoral caps, aiming to boost international investments, tech transfers, and collaborations to grow India’s global space economy share.
