Page 25 - Mann Ki Baat English

rockets. Some others are building
satellites. Some are developing
solutions to space debris. And
some are developing re-entry
vehicles.
This transformation is a
direct result of the forward-
looking policies the Government
of India established to jumpstart
one of the fastest growing
space-tech ecosystems in the
world. Following the Startup
India initiative, India opened up
the Space sector to the private
sector in 2020, established a
Space Policy in 2024, put in
place a dedicated regulatory
and promotion body for space
companies in the form of the entrepreneurs and engineers.
Indian National Space Promotion It was a signal to the world that
and Authorization Center (IN- the Government of India means
SPACe), and established a business, and is actively enabling
Rs 1,000 crore Venture Capital India's space-tech startups to
(VC) Fund for supporting India's grow.
Space sector. In high-risk sectors
Confidence as Foundation like launch vehicles, where
These changes signaled development cycles span seven
more than just permissions to ten years, this confidence
and finances. It was a vote matters enormously. It converts
of confidence in India's skepticism into belief.

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