Karnataka has unveiled the Draft Space Tech Policy 2024-2029, aiming to transform Karnataka into a global space-tech hub with 50 per cent of India’s market share and 5 per cent of the global market. The policy outlines that along with ISRO, IN-SPACe, NSIL, and non-governmental entities, the space sector is expected to reach $ 44 billion in the next decade, generating high-skill, deep-tech jobs and fostering space-based applications.
The policy emphasises comprehensive development across all segments of the space value chain, including commercial, defense, electronics, and research in astronomy and astrophysics. It outlines missions to train and upskill 5,000 professionals, including 1,500 women, and attract $3 billion in investments. Plans include creating a space manufacturing cluster to achieve economies of scale and setting up testing facilities through PPPs.
Further, collaborations with ISRO, IN-SPACe, DRDO, and consultations with stakeholders have shaped the draft. The Karnataka State Remote Sensing Applications Centre (KSRSAC), with four decades of satellite application expertise, will play a key role. Further, an interdepartmental committee will be formed to integrate space-based solutions for governance and foster the state’s space ecosystem.
