India, July 29 -- The Government of India has issued a release:

The impact assessment has been carried out by the IN-SPACe, the preliminary note on the impact assessment is attached herewith at Annexure-I.

In the year 2026, a total investment of $ 187 million have been reported. A total of 108 authorizations, till date, have been granted to Non-Government Entities (NGEs) by IN-SPACe for various space activities which include establishment and operation of satellite/payload, launch of space transportation systems etc.

The "Norms, Guidelines and Procedures for Implementation of Indian Space Policy-2023 in respect of Authorization of Space Activities (NGP)" released by IN-SPACe envisages evaluation of the authorization applications with a view of protecting strategic, security, and national interests, among others, while permitting the Space Activities by private entities. Further, IN-SPACe is working on "Safety and Security Guidelines for space activities in India undertaken by the Indian entities", in consultation with stakeholders.

The Government of India, has undertaken various initiatives and schemes to support space startups. The following initiatives and policies have been brought out to boost private sector:

In addition to the above, authorization has been granted to 17 Start-ups to carry out various space activities.

In order to promote commercial utilization of space technology, the Government of India has announced the following schemes/initiatives:

The Government has undertaken proactive measures through the liberalization of the space sector, which are contributing to an increase in India's share of the global space economy. The various measures are

Policy & Regulatory Reforms:

Infrastructure Development:

Skill Development:

Access to Capital:

Technology & Capability Development:

Demand Generation:

International Collaboration and Global Market Access:

This information was given by Union Minister of State for Prime Minister's office and Personnel, Public Grievances and Pensions, Atomic Energy and Space, Dr. Jitendra Singh, in a written reply in the Lok Sabha today.

Disclaimer: Curated by HT Syndication.