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Vacuum in Law Keeps Private Sector From Exploring Space
Mint Mumbai
|May 07, 2025
Lack of urgent notification of space law and FDI rules is stagnating business potential
As India waits for the final draft of its first space law and guidelines for foreign direct investment (FDI) in the space sector, home-grown space startups remain in line to grab larger pieces of the incoming businesses and investments.
Industry stakeholders that Mint spoke with, requesting anonymity, said a formalization of India's operating procedures for space project procurement, coupled with on-paper confirmation of how foreign investors can approach the government for large investments in India in space, can open up a multi-billion-dollar opportunity for the sector, which seeks to quadruple its net annual revenue within eight years.
"There is a lot of scope for India to create demand in the domestic space industry internally itself. To do that, a formalized procedure is crucial, which the first space law will help establish. This is a potential setback to the industry, which right now is in a waiting phase of over two years for a formalized set of laws and rules to truly take off," a senior executive of one of India's top space startups said, requesting anonymity since they work closely with the Union government.
Dit verhaal komt uit de May 07, 2025-editie van Mint Mumbai.
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