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Thursday, December 04, 2025 | 08:03 AM ISTहिंदी में पढें
States' race for space investment may help sector hit $44 bn by 2033
This follows the opening up of space to private participation in June 2020, the Indian Space Policy of 2023, and a lucrative foreign direct investment policy of February 2024
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The Ficci-EY report indicates that of the $44 billion in 2033, a lion’s share ($14.8 billion) is expected to come from satellite communication (Satcom)
Space in the new frontier for states in the one-upmanship game to draw investment.
On April 17, Gujarat announced a long-term strategy to accelerate growth in the space sector from 2025 to 2030. Within hours, Tamil Nadu, which had already published a draft space policy, unveiled the Tamil Nadu Space Industrial Policy.
There is a reason states are betting big on space and space-related technology. The size of India’s space sector is expected to jump from around $8.4 billion in 2024 to $44 billion by 2033, according to a March report by the Federation of Indian Chambers of Commerce and
Topics : space funding Investment Satellite
