New Delhi, April 26: India’s space sector has witnessed over $600 million in private investment in the last five years, Union Minister of State Dr. Jitendra Singh said on Sunday while reviewing initiatives to strengthen the country’s space ecosystem.
During a high-level review, Singh assessed plans to establish space laboratories in universities and colleges across India, with seven such labs set to be launched in the first phase.
These labs aim to provide students with hands-on exposure to satellite systems, rocketry, and mission design, helping build a skilled talent pipeline for the expanding sector.
The review followed a detailed presentation by Pawan Goenka, Chairman of IN-SPACe, who outlined the progress of India’s space reforms and the increasing participation of private players across the value chain.
India’s private space ecosystem has grown rapidly in recent years, with the number of startups rising from single digits in 2019 to over 400 by early 2026.
These companies are now active in areas ranging from launch vehicles and satellite manufacturing to data services, ground infrastructure, and emerging in-orbit technologies. (IANS)
