Dr. Jitendra Singh Informs Parliament that Private Space Sector Gains Strong Momentum as Investment Crosses USD 618 Million; Government Reinforces National Security Framework

The Department of Space reported that private investment in India’s space sector has crossed USD 618.5 million as of 31 March 2026, with 105 authorisations granted to non‑government entities by 14 July 2026. Cumulative funding rose from USD 100.5 million in 2021‑22 to USD 348.5 million in 2023‑24, indicating a six‑fold increase. The government, through IN‑SPACe, is preparing dedicated Safety & Security Guidelines and evaluates each application against strategic and national security norms. Key policy measures include the India Space Policy 2023, liberalised FDI, a ₹1,000 crore venture‑capital fund, a ₹500 crore technology‑adoption fund, and the IN‑SPACe Seed Fund Scheme. Seventeen space startups have been authorised, and over 400 active startups now exist, having placed more than 30 satellites and flown nearly 45 payloads.