What Happened
India Expands Space Ambitions With Private Sector Participation
India’s space sector is undergoing a significant transformation, with the government allowing private participation in the space value chain. The Indian Space Policy 2023 has opened up the entire space value chain to private participation, enabling companies to undertake end-to-end activities, including satellite manufacturing, launch services, and space-based applications. This shift is expected to expand India’s space economy, with the government aiming to increase the sector’s value to USD 44 billion by 2033. The development was first reported in the Economic Times.