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What happened
Karnataka has introduced the Space Technology Policy 2025-30 to reinforce its position as India's premier space destination. The policy aims to capture 50% of the national space market, valued at $22 billion by 2033, and 5% of the global market share. Key components include skill development, investment incentives, and infrastructure creation, which will support at least 500 startups in the space sector. The policy also emphasizes collaboration between industry and academia to enhance innovation. Stakeholders believe that the policy will strengthen Karnataka's existing advantages in engineering and talent, while also addressing infrastructure needs for space manufacturing and testing. The success of the policy will depend on effective execution and the establishment of necessary facilities.
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Key insights
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1
Focus on Skill Development
The policy emphasizes upskilling 50,000 professionals, including 15,000 women, to meet industry standards.
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2
Support for Startups
Karnataka aims to support at least 500 startups in the space sector during the policy period.
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3
Infrastructure Development
Plans include establishing space manufacturing parks and testing centers to enhance capabilities.
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4
Market Ambitions
Karnataka targets capturing 50% of India's space market and 5% of the global share by 2034.
Takeaways
Karnataka's Space Technology Policy 2025-30 positions the state to lead India's space sector, but its success will depend on effective implementation and collaboration among stakeholders.