India, Feb. 11 -- The Government of India has issued a release:
Sl. No.
Scheme /policy
Year
1.
Indian Space Policy
2023
2.
Liberated FDI Policy
2024
3.
Norms, Guidelines and Procedures for Authorization
2024
4.
IN-SPACe Seed Fund Scheme
2023
5.
IN-SPACe Pre-incubation Entrepreneurship (PIE) Program
2024
6.
Establishment of Rs.1000 Cr Venture Capital Fund
2024
7.
Establishment of Rs. 500 Crores Technology Adoption Fund (TAF)
2025
8.
Technology Transfer of Small Satellite Launch Vehicle (SSLV) to HAL
2025
9.
Establishment of Earth Observation (EO) satellite constellation on PPP model
2026
The number of registered Space Start-ups have gone up from just 1 in 2014 to more than 400 as on date.After announcement of Startup India Initiative in 2016, with a goal of fostering innovation and building a robust startup ecosystem in the country by providing support, funding and easier regulatory frameworks, there is a magnificent growth in startups related to space domain also. Prominent space startups grown in the country after 2014 are M/s. Pixxel, M/s. Dhruva, M/s. Skyroot Aerospace, M/s. Agnikul Cosmos, M/s. Bellatrix Aerospace etc.
Year wise details of the schemes, policies and institutional frameworks implemented by the Governmentto encourage and provide support to space start-ups is as under:
The Government is committed towards the self-reliance in the all the domain of Space Technology, i.e., Up, Down and Mid-stream.
The achievements attained are clearly evident, with a significant increase in private sector participation in space domain. However, following are the major achievements attained so far:
This information was given by the Minister of State for Personnel, Public Grievances & Pensions and Prime Minister's Office Dr. Jitendra Singh in a written reply in the Lok Sabha today.
Disclaimer: Curated by HT Syndication.
