Lok Sabha Question No. 3722 (UNSTARRED), answered on 2024-12-18
Subject: Promotion of Private Sector in Space Sector
Ministry: SPACE
Asked by: Shri Shashank Mani

## GOVERNMENT OF INDIA DEPARTMENT OF SPACE

## LOK SABHA

## UNSTARRED QUESTION NO. 3722

TO BE ANSWERED ON WEDNESDAY, DECEMBER 18, 2024

PROMOTION OF PRIVATE SECTOR IN SPACE SECTOR

## 3722.  SHRI SHASHANK MANI:

Will the PRIME MINISTER be pleased to state:

that  the  details  of  the  steps  taken  by  the  Government  to further promote private sector involvement and the growth of startups in the space sector?

## ANSWER

MINISTER OF STATE IN THE MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES & PENSIONS AND IN THE PRIME MINISTER'S OFFICE (DR. JITENDRA SINGH):

****

The following steps are taken by the Government to further promote private sector involvement and the growth of startups in the space sector in India:

- I. The  space  sector  has  been  liberalised  and  private  sector allowed to carry out end to end space activities.
- II. Indian National Space Promotion and Authorization Centre (INSPACe)  was  created  in  Department  of  Space  for  promoting,
3. authorising  and  overseeing  the  activities  of  Non-Government Entities (NGEs) in Space Sector.
- III. The  Indian  Space  Policy,  2023  has  been  formulated  by  the Government to provide regulatory certainty to space activities by  various  stakeholders,  in  order  to  create  a  thriving  space ecosystem.
- IV. Various  schemes  to  encourage  and  hand  hold  private  sector also announced and implemented by IN-SPACe, i.e., Seed fund Scheme, Pricing Support Policy, Mentorship support, Technical Centre,  Design  Lab  for  NGEs,  Skill  Development  in  Space Sector,  ISRO  facility  utilisation  support,  Technology  Transfer to NGEs, creation of IN-SPACe Digital Platform to connect with all the stakeholders of space ecosystem etc.
- V. The number of Space Start-Ups have gone up, from just 1 in
7. 2014 to around 266 as on date.
- VI. Decadal vision and strategy for Indian space economy is also announced  by  IN-SPACe,  which  shall  increase  the  share  of India in overall space economy.
- VII. The Union Cabinet has approved the establishment of a Rs.1,000 crore Venture Capital (VC) Fund dedicated to supporting India's space sector.
- VIII. IN-SPACe  has  signed  around  71  MoUs  with  Non-Government Entities (NGEs) to provide necessary support for realization of space  systems  and  applications  envisaged  by  such  NGEs, which  is  expected  to  increase  the  industry  participation  in manufacturing of launch vehicles and satellites.
- IX. In order to ease access to foreign capital by Indian NGEs, the Central  Government  has  brought  out  revised  FDI  policy  for Space Sector.
- X. IN-SPACe  has  initiated  Establishment  of  Earth  Observation (EO)  System  under  Public  Private  Partnership  (PPP).  The Expression  of  Interest  (EOI)  is  invited  from  Non-Government Entities (NGEs).
- XI. Technology Transfer of Small Satellite Launch Vehicle (SSLV) to  Indian  entities  is  under  process  and  response  to  RFP  is invited from shortlisted bidders.
- XII. Announcement of Opportunity is made by IN-SPACe for making available  Indian  orbital  resources  to  the  NGEs.  One  Indian entity is selected.

****