SOURCE: AFI
The Indian government is taking concrete steps to stimulate the domestic private space sector. In a recent interview, Pawan Goenka, chairman of the Indian National Space Promotion and Authorization Centre (In-Space), outlined a range of incentives aimed at attracting private players and fostering growth in the industry.
A key initiative is the establishment of a Public-Private Partnership (PPP) model specifically for Earth Observation (EO) satellites. This model will involve government co-funding the launch of 12 EO satellites undertaken by private companies. The specific details regarding the funding breakdown haven’t been disclosed yet.
The government is also offering financial incentives to private companies that choose to launch their satellites using domestic rockets from Indian launchpads. This move aims to encourage the use of homegrown launch capabilities while simultaneously strengthening the domestic space ecosystem.
In addition to financial incentives, Goenka hinted at potential support in accessing technologies relevant to the space sector. However, the specifics of what technologies would be made available haven’t been revealed yet.
These initiatives reflect India’s commitment to achieving “Atmanirbhar Bharat” (self-reliant India) in the space sector. By fostering a robust private space industry, the government hopes to not only reduce dependence on foreign launch providers but also unlock new avenues for innovation and economic growth.