New Delhi: The Centre said around 1,050 private companies had registered their capabilities on the IN-SPACe Digital Platform, reflecting rising private participation in India’s space economy.
In a written reply to a Parliament question, the government said the Indian Space Policy-2023 enabled private entities to undertake end-to-end space activities. These included launches, satellite realisation and operations, data acquisition and dissemination, and ground station services.
The Centre said IN-SPACe had so far disbursed ₹2.36 crore under its seed fund and pre-incubation entrepreneurship programme. The funding aimed to support early-stage private players and startups entering the space economy.
The reply said IN-SPACe’s Decadal Vision Report laid out a 10-year roadmap to expand India’s space economy from USD 8.4 billion in 2022 to USD 44 billion by 2033. The projection included USD 11 billion in exports. The vision focused on platform building, industrial ecosystem creation, industry enablement, and international outreach.
IN-SPACe roadmap targets space economy expansion
The government said IN-SPACe had translated the Decadal Vision into a strategy built on three pillars. These pillars focused on revenue generation, ecosystem development, and catalysing space domain activities.
According to the reply, revenue generation would come through commercial launch services, satellite and ground operations, Earth observation, satellite communication, satellite navigation, and the in-orbit economy. At the same time, the Centre said it was catalysing the space economy through targeted demand generation and international collaboration.
The government added that efforts were also underway to promote space culture. These measures aimed to expand markets, boost customer adoption, and help private industry scale services and exports.
