Private Space Investment Crosses USD 618 Million

The government informed Parliament that India's private space sector investment has crossed USD 618 million after major reforms in the space sector.

Union Minister Dr Jitendra Singh informed Parliament that private investment in India's space sector has crossed USD 618 million. The statement highlighted the impact of space sector reforms that opened new opportunities for private companies and start-ups. The development is linked to India's wider goal of becoming a major global space power. It is also important for questions on IN-SPACe, space reforms and India's commercial space ecosystem.