From launch to data, tech to Isro facility, pvt firms to get 30-100% subsidy
The Indian government has introduced two new schemes to provide 30-100% subsidies to private space companies for launch services and technology access. Managed by IN-SPACe, these initiatives aim to lower entry barriers and make India a globally competitive hub for satellite launches.
Why it matters
This policy shift marks a significant move toward privatizing India's space sector, potentially accelerating domestic innovation and commercial satellite deployment.
BENGALURU: Indian private space companies and non-government entities will receive govt support ranging from 30% to 100% on everything from launch services and technology transfer to satellite data and access to Isro facilities under two new schemes of the Department of Space (DoS).The incentives — Launch Services Price-support Scheme (LSPS) and the Price Support Scheme — being implemented by Indian National Space Promotion and Authorisation Centre (IN-SPACe) are aimed at lowering entry barriers, making Indian space businesses globally competitive and accelerating private participation across the sector.The larger of the two initiatives is the Launch Services Price-support Scheme, with a budget of Rs 800 crore over five years until June 2031. The scheme seeks to boost domestic commercial launch operations and strengthen India's position as a global launch hub.IN-SPACe chairman Pawan Goenka told TOI: “The idea is to make the launches competitive.
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