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Industry upbeat as space policy to raise private sector play, funding

More than 1,500 micro small and medium enterprises, over 140 startups and rising investor interest, the Indian Space Policy 2023 is set to be a fillip for the space sector

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Shine Jacob Chennai

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More than 1,500 micro small and medium enterprises, over 140 startups and rising investor interest, the Indian Space Policy 2023 is set to be a fillip for the space sector that is already buzzing with private sector interest. Based on available industry data, the sector has seen funding to the tune of around $258 million so far, out of which more than $175 million came since 2020 after the government announced space reforms in June 2020.

According to industry experts, the new policy is a continuation of reforms in June, 2020, in the space sector towards enabling private players to

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First Published: Apr 23 2023 | 3:19 PM IST

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