Karnataka space tech policy aims to garner 5% global market share

The Hindu
The Hindu
9h ago 2 views
Karnataka's new space tech policy aims for a 5% share of the global market by 2030, focusing on skill development and investment incentives.
Karnataka space tech policy aims to garner 5% global market share
A What happened
On November 13, 2025, the Karnataka government unveiled its Space Technology Policy for 2025-2030, aiming to secure a 5% share of the global space market. The policy's goal is to maintain Karnataka's position as India's leading space technology hub, targeting a national market share of 50% by 2033. Key objectives include skill development for 50,000 young professionals and attracting $3 billion in investments. The policy will support 500 start-ups and MSMEs, focusing on satellite design, manufacturing, and operations. It emphasizes next-generation capabilities like space tourism and in-orbit manufacturing. A dedicated space technology cell will facilitate industry engagement, while manufacturing parks and a Centre of Excellence will promote cluster development. The policy outlines strategies for investment, infrastructure, innovation, and workforce development.

Key insights

  • 1

    Investment Incentives

    The policy aims to attract $3 billion through various investment incentives.

  • 2

    Skill Development Focus

    It plans to train 50,000 young professionals in space technology.

  • 3

    Support for Start-ups

    The initiative will assist 500 start-ups and MSMEs in the space sector.

  • 4

    Infrastructure Development

    The policy includes plans for manufacturing parks and a Centre of Excellence.

Takeaways

Karnataka's new space tech policy positions the state as a key player in the global space market, fostering innovation and growth in the sector.

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