New Delhi, June 21 (IANS) India’s space economy is projected to grow five-fold from the current $8 billion to $40-45 billion over the next decade, driven by policy reforms, rising private sector participation and growing commercialisation of space technologies, an official fact-sheet said on Sunday.The fact-sheet highlighted that India currently accounts for about 2-3 per cent of the global space economy, with the country’s share targeted to rise to 8 per cent by 2030.The rapid growth is being s…
Latest IN-SPACe News & Updates
New Delhi, June 13 (IANS) The Indian Space Research Organisation (ISRO) is working on developing technologies that could significantly extend the operational life of future lunar landers to as much as 100–200 days, a major advancement over the current 14-day lifespan achieved by Chandrayaan-3, ISRO Chairman V. Narayanan said on Saturday.The initiative — undertaken in collaboration with the Department of Atomic Energy (DAE) — aims to address one of the most challenging aspects of lunar explor…
New Delhi, June 11 (IANS) Union Minister of State (Independent Charge) for Science and Technology and Earth Sciences, Dr. Jitendra Singh, on Thursday highlighted the government’s financial support measures for the space sector, stating that the recently introduced Rs 1,000 crore Venture Capital Fund and Rs 500 crore Technology Adoption Fund will help drive innovation and commercialisation across the industry.Addressing the 10th IN-SPACe Industry Connect, the Minister called on industry leaders t…
New Delhi, June 6 (IANS) India’s space ambitions are increasingly being shaped by a new generation of private deep‑tech startups working in partnership with government institutions, a report has said.The report from Diplomat cited recent milestones by firms such as GalaxEye and Pixxel as evidence that India’s traditionally state‑dominated space sector is evolving into a “state‑startup developmental partnership”.”Indian startups are increasingly identifying technological gaps that glo…
New Delhi, May 16 (IANS) The Indian National Space Promotion and Authorisation Centre (IN‑SPACe) on Saturday informed it led a delegation of Indian space‑tech firms to Space Meetings Veneto 2026 in Venice, Italy, underscoring India’s push to strengthen international partnerships and the expand global footprint of its private space ecosystem.The event drew industry leaders, startups, policymakers and technology providers, in which the Indian delegation held strategic talks with the Italian …
New Delhi, April 26 (IANS) India’s space sector has witnessed over $600 million in private investment in the last five years, Union Minister of State Dr. Jitendra Singh said on Sunday while reviewing initiatives to strengthen the country’s space ecosystem.During a high-level review, Singh assessed plans to establish space laboratories in universities and colleges across India, with seven such labs set to be launched in the first phase.These labs aim to provide students with hands-on exposure…
Bengaluru, April 20 (IANS) Space authorities of South Korea and India held a joint industry event on Monday to expand cooperation and explore space-related business opportunities between the countries, Seoul’s space agency said.The Korea AeroSpace Administration (KASA) said it co-hosted the Korea-India Space Day event with IN-SPACe, India’s space industry promotion and regulatory agency, in Bengaluru.The event was arranged as part of follow-up measures to a memorandum of understanding signed las…
New Delhi, March 12 (IANS) Union Minister of State (Independent Charge) for Science and Technology and Earth Sciences Jitendra Singh on Thursday said the Indian Space Research Organisation (ISRO) has launched a series of structured initiatives to involve students and young researchers in satellite development, payload experiments and space missions.Replying to an un-starred question in the Rajya Sabha, Singh said the government is committed to democratising access to space technology, ensuring t…
New Delhi, Feb 15 (IANS) Union Minister of State Dr. Jitendra Singh on Sunday praised the consortium-driven innovation model pioneered by IIT Madras Research Park, saying it has enabled immediate and appropriate commercialisation of technology and is now being adopted by several other academic institutions and universities across the country.The Minister, who holds independent charge of the Science and Technology and Earth Sciences ministries and also serves in the Prime Minister’s Office, mad…
New Delhi, Jan 29 (IANS) Space services are poised for rapid expansion through commercialisation and public-private partnerships, said the Economic Survey 2025-26 tabled in Parliament on Thursday by the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman.The Survey stated that the Indian space sector, valued at about $8.4 billion (around 2 per cent of the global space market), is projected to expand to $44 billion over the next decade. The growth is expected to be driven by laun…