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$187 million was invested in India's private space sector in 2026 so far, per IN-SPACe data placed before Lok Sabha
108 authorisations have been granted to Non-Government Entities (NGEs) by IN-SPACe to date, including 17 to start-ups
The government has set up a ₹1,000-crore VC Fund and a ₹500-crore Technology Adoption Fund (TAF) to support the sector
Cumulative private space investment grew from $100.5 million (2021-22) to $618.5 million by 31 March 2026, and active start-ups from 1 in 2014 to over 400 today
Support incubation of space-tech ideas into products
Key: Early-stage funding administered by IN-SPACe
Support space start-ups with growth-stage capital
Key: Announced alongside the Technology Adoption Fund to broaden the investor base
Accelerate development, demonstration and commercialisation of indigenous space technologies
Key: Funds technology adoption and commercialisation, not pure R&D
Build indigenous satellite-platform capability
Key: Lets start-ups access a ready satellite bus instead of building one from scratch
Low-cost in-orbit validation platform for start-up and academic payloads
Key: Uses the spent PS4 stage of PSLV as an orbital platform; the fourth POEM module carried payloads from GalaxEye, Bellatrix, Takeme2Space and others
Single-window authorisation and promotion body for private space activities
ISRO's commercial arm — technology transfer, PSLV/SSLV commercial launches, satellite leasing
Defines the roles of ISRO, IN-SPACe, NSIL and private entities (NGEs) in the space ecosystem; released April 2023
Introduces graded FDI caps: 100% automatic route for satellite-component manufacturing, up to 74% automatic for satellite manufacturing/data/ground segments, and up to 49% automatic for launch vehicles and spaceports
| Segment | FDI cap (automatic route) | Beyond the cap |
|---|---|---|
| Satellite components/systems/subsystems manufacturing | 100% | Fully open — no government route needed |
| Satellite manufacturing, data products, ground/user segment | 74% | Government approval route |
| Launch vehicles and spaceports | 49% | Government approval route |
GS Paper 3 > Science & Technology > Space Sector Reforms
Recurring — space-sector liberalisation figures are updated almost every Parliament session
Indian National Space Promotion and Authorisation Centre — single-window body authorising private space activity
Non-Government Entity — the regulatory term for a private player in India's space sector