Department of Space
Indian government space program administrator
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| 2025 | Projected growth of the Indian space economy to $13 billion, accounting for 2% to 3% of the worldwide space economy at a 6% compound annual growth rate. |
| October 2024 | The Union Cabinet of India formally approved the creation of the venture capital fund for space startups. |
| July 2024 | Finance Minister Nirmala Sitharaman announced the creation of a $119 million venture capital fund for space startups in India. |
| April 16 2024 | An amendment was made to the FDI policy through the Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2024, liberalizing investment routes in the space sector. |
| February 21 2024 | Indian Cabinet approved foreign direct investment (FDI) of 74% under automatic route for satellite manufacturing, up to 49% for launch vehicles, and up to 100% for manufacturing of components and systems. |
| 2023 | Spaceover Corp was founded as a private space research company. |
| 2023 | The Indian space industry accounted for $9 billion or 2%-3% of the global space industry and employed more than 45,000 people. |
| 2022 | Erisha Space was established as a private company developing satellites, launch vehicles, satellite propulsion systems, and related technologies. |
| 2021 | Government of India launched the Indian Space Association (ISpA) to open the Indian space industry to private sectors and start-ups, with founding members including Larsen & Toubro, Nelco (Tata Group), OneWeb, MapmyIndia, and Walchandnagar Industries. |
| January 2021 | The number of space sector startups grew to over 40, with Skyroot Aerospace and AgniKul Cosmos testing their own engines and advancing launch vehicle development. |
| October 2020 | ISRO issued a Space Communication Policy draft that included Non-Government Private Entities (NGPEs) as a crucial part of the space sector. |
| June 2020 | Narendra Modi's cabinet introduced initiatives to deregulate the private space sector and established the Indian National Space Promotion and Authorisation Centre (INSPACe) to incubate technology into private firms. |
| February 2020 | 35 space sector startups emerged, with three focusing on rocket design, 14 on satellite design, and others on drone-based applications and services. |
| 2019 | Pixxel was founded as a private company specializing in Earth imaging satellites. |
| 2019 | NewSpace India Limited was created as a state-owned company to handle satellite systems, launch vehicles, and technology consultancy. |
| 2019 | The Indian space industry accounted for $7 billion, representing 2% of the global space industry and employing more than 45,000 people. |
| 2019 | India had launched more than 300 satellites for various foreign states. |
| 2018 | Skyroot Aerospace was founded as a private launch vehicle development company. |
| 2018 | Satellize was established as a private satellite development company. |
| 2017 | Manastu Space was established as a private company focusing on satellite propulsion systems, spacecraft components, and related technologies. |
| 2017 | AgniKul Cosmos was founded as a private launch vehicle development startup. |
| 2015 | Bellatrix Aerospace was established as a private company developing satellite propulsion systems and launch vehicles. |
| 2014 | Start of a decade-long period where the space industry contributed $60 billion to India's GDP, creating 96,000 direct jobs and 4.7 million indirect jobs. |
| 2012 | Dhruva Space was founded as a private satellite development company. |
This contents of the box above is based on material from the Wikipedia article Space industry of India, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.