The Indian space sector has seen significant growth with private investment crossing USD 618.5 million, 105 authorisations issued to private entities, and a strengthened regulatory framework.
On July 23, 2026, Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences, and Minister of State in the Prime Minister's Office, Dr. Jitendra Singh, informed the Rajya Sabha that India's space sector has witnessed an unprecedented momentum with private investment crossing USD 618.5 million, 105 authorisations issued to Non-Government Entities (NGEs), and a robust regulatory framework being strengthened to safeguard strategic and national security interests while promoting greater private participation.
In his statement, Dr. Jitendra Singh reported that USD 187 million in private investment has been reported during 2026, while 105 authorisations have been granted to NGEs as on July 14, 2026. He said cumulative private funding has expanded nearly six-fold in the last few years, rising from USD 100.5 million in 2021-22 to USD 348.5 million in 2023-24, before reaching USD 618.5 million by March 31, 2026.
Highlighting the Government's commitment to ensuring that rapid commercial growth is matched by robust national security safeguards, Dr. Jitendra Singh informed the House that every application for private space activities is evaluated under IN-SPACe's Norms, Guidelines and Procedures (NGP) with due consideration to strategic, security and national interests before authorisation is granted.
Source:
Press Information Bureau
