What Happened
New Delhi Expands Private Sector Participation In Space Industry
India is targeting a significant expansion of its space economy, from approximately $8.4 billion to $44 billion over the next decade, as the government seeks to increase private-sector participation. The Indian National Space Promotion and Authorisation Centre (IN-SPACe) is playing a key role in supporting the growth of the domestic space industry, with initiatives including technology transfers, grants, and access to testing facilities. According to Dr Vinod Kumar, Director of the Promotion Directorate at IN-SPACe, the demand for low Earth orbit satellites is rising, and the new launch capacity in Tamil Nadu will help support domestic space businesses. This development was first reported by Aviation Today News Desk.