Over 1050 Private Firms Onboarded on IN-SPACe Platform as India Pushes Private Participation in Space Economy
The Indian Space Policy-2023 permits private players to undertake end-to-end space operations, positioning the industry as a key driver of innovation, commercialisation, and global competitiveness.
New Delhi: The Union government on Thursday said that around 1,050 private companies have registered their capabilities on the IN-SPACe Digital Platform (IDP), signalling growing private sector participation across India’s space ecosystem.
In a written response to a Parliament question, the government said the Indian National Space Promotion and Authorization Centre (IN-SPACe) has enabled private entities to engage in a wide range of space activities under the Indian Space Policy, including launch services, satellite realisation and operations, data acquisition and dissemination, and establishment of ground stations.
Policy framework and funding support
The Indian Space Policy-2023 permits private players to undertake end-to-end space operations, positioning the industry as a key driver of innovation, commercialisation, and global competitiveness.
The government informed Parliament that a total of ₹2.36 crore has so far been disbursed under the IN-SPACe seed fund and the pre-incubation entrepreneurship programme, aimed at supporting early-stage space startups and innovators.
Decadal vision for space economy
IN-SPACe’s Decadal Vision Report outlines a 10-year roadmap to expand India’s space economy from USD 8.4 billion in 2022 to USD 44 billion by 2033, including USD 11 billion in exports.
The vision is anchored on:
- building common platforms
- creating a robust industrial ecosystem
- enabling private industry participation
- strengthening international outreach
To operationalise this roadmap, IN-SPACe has developed a Decadal Vision Strategy based on three pillars:
- revenue generation
- ecosystem development
- catalysing space domain activities
Revenue generation is expected to be driven through the commercialisation of launch services, satellite and ground operations, earth observation, satellite communication, satellite navigation, and emerging in-orbit economy services.
Market expansion and global outreach
The government said the space economy is being catalysed through targeted measures focused on demand generation, international collaboration, and promotion of space culture. These efforts are aimed at expanding markets, increasing customer adoption, enabling industry scale-up, and boosting space-related exports.
The response underlined that India’s space sector reforms are designed to position private industry as a central pillar of growth, while enhancing the country’s role in the global space economy.
