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Funding on Earth but sky is the limit for India's space technology sector

Private entities are now actively involved in crucial aspects of research, manufacturing, and fabrication of rockets and satellites, fostering a vibrant ecosystem of innovation

SpaceX, satellite, satellite launch
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Shine Jacob Chennai

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The journey of the Indian space technology (spacetech) sector has been one of transformation, driven by its privatisation in 2020.

According to a report by market intelligence platform Tracxn this month, India ranks seventh in terms of funding within the international spacetech landscape for the year.

Private entities are now actively involved in crucial aspects of research, manufacturing, and fabrication of rockets and satellites, fostering a vibrant ecosystem of innovation.

The funding trajectory of the Indian spacetech ecosystem tells a compelling story of growth and resilience. From a modest $35 million in funds raised between 2010 and 2019, the sector

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First Published: Aug 27 2023 | 10:35 PM IST

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