Karnataka’s Space Bet India’s First Space Manufacturing Park Is Coming Soon | Front Page
AI Summary
India’s next space leap won’t launch from a rocket pad—it’ll be built in Karnataka. On May 8th, IN-SPACe and the Government of Karnataka signed a game-changing deal to create India’s first Space Manufacturing Park and a Centre of Excellence for Space Tech in Bengaluru. This marks a bold step in turning India from a spacefaring nation to a space manufacturing powerhouse.
This new initiative aims to empower startups, MSMEs, and research labs, contributing to India’s $44 billion space economy ambitions by 2033. Karnataka aims to hold 50% of India’s space market and capture 5% of the global space economy, with plans to launch over 50 satellites built by Karnataka-based startups. This goes beyond just launching rockets; it encompasses manufacturing satellites and engines, fostering innovation after capturing parts and research development in the state.
The focus is on creating an all-in-one space manufacturing park, which will support public-private partnerships, testing labs, and full-scale satellite factories to bolster India’s new space economy and infrastructure goals.