Private investment in India's space sector
crossed USD 618.5 million
¨
Private investment in
India's space sector crossed USD 618.5 million by 31 March 2026.
¨
Cumulative private
funding increased from USD 100.5 million in 2021–22 to USD 618.5 million by 31
March 2026.
¨
USD 187 million of
investment was recorded in 2026 alone.
¨
Union Minister of State
(Independent Charge) for Science and Technology, Dr. Jitendra Singh, informed
the Rajya Sabha of these figures on 23 July 2026.
¨
India's space sector
includes non-governmental entities (NGEs), space startups, and private
companies engaged in satellite systems, launch services, and downstream
applications.
¨
The number of active
space startups in India increased from 1 in 2014 to more than 400 by 2026.
¨
This growth has been
driven by policy reforms that opened the space sector to greater private
participation.
¨
The Indian National Space
Promotion and Authorisation Centre (IN-SPACe) was established in 2020 as an
autonomous nodal agency.
¨
IN-SPACe is responsible
for promoting, authorising, and supervising private space activities in India.
¨
As of 14 July 2026,
IN-SPACe had issued 105 authorisations to non-governmental entities for various
space-related activities.
¨
The India Space Policy,
2023 provides the policy framework for private sector participation in the
space sector.
¨
The Government has also
liberalised Foreign Direct Investment (FDI) norms for selected space
activities.
¨ To support startups and private enterprises, the Government has established the IN-SPACe Seed Fund.
¨ It has also created a ₹1,000 crore Venture Capital Fund for the Space Sector to promote innovation and private investment.
