The union budget of 2025-26 is an important financial commitment aimed at enhancing space exploration, satellite technology, and geographical capacity, and outlines the advanced vision for the Indian cosmic sector. The Ministry of Space has been assigned 13,416.20 rupees in the fiscal year, indicating a more prominent increase than the previous budget, strengthening its government commitment to expanding India’s spacecraft.
Assignment of major budget
In the current budget, 6,103.63 rupees are assigned for capital spending, and 7,312.57 rupees are assigned to income spending. This reflects initiatives that focus on supporting both the infrastructure of the cosmic sector and the operation needs. Compared to the 13,042.75 rupees assigned during the provisional budget of 2024, the assignment of 2025-26 is steadily increasing, despite the slightly lower 13,700 trillion lupee given in 2003.
This increase in funding emphasizes the growth and cosmic ability of India, following the impressive results of India in cosmic technology, such as successful Chandraran-March missions and Aditia-L1 solar observation projects.
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Industry reaction to budget
The budget is a mixture from stakeholders in the industry, but is satisfied with optimistic reactions, and the government recognizes the important roles and potential of future growth in cosmic technology. I am emphasizing.
Dr. Subba Rao Pavuluri, president of SIA-India, emphasized the transformation of the government’s 20,000 rupees to promote private sector-led research and innovation. “This initiative drives the waves of the next technical progress, including space technology, along with the Deep High Tech Fund. The outstanding center of AI will further position India as a leader in space research,” he said. I did it.
The government, which focuses on AI, startups, and emerging technology, will definitely benefit the cosmic sector, especially through new funding mechanisms and emerging companies. The establishment of a 1,000 rupee venture capital fund, aimed at promoting the participation of the private sector in the space industry, is an important step that promotes innovation and fostering a spacecraft competition market.
Geographical space infrastructure expansion
One of the most important movements in the budget from 2025 to 26 years is the start of a national geographical space mission that matches the PM GATI Shakti Initiative. The mission is to develop spatial data to modernize land records, improve urban planning, and support infrastructure development through satellite technology.
According to Anil Prakash, director of SIA-India, “satellite communication plays an important role in filling digital gaps, especially in areas where services are not well-available. The National Geographical Space Mission is Indian geographical ability. Enhanced and easier to access real -time satellite data for public and national development. “
In addition, the strategic focus of budgets for geographical sectors is consistent with the growth of the industry forecast. As mentioned in the ISPA-NASSCOM-DELOITTE report, the downstream space technology market is expected to reach $ 610 billion by 2031, and satellite data is from urban development to disaster management. It plays an important role in.
Support for domestic manufacturing
The budget also promises important reforms to stimulate the domestic manufacturing of cosmic sector. From February 2025, the government will reduce the tariffs of major components used to install satellites and the construction of launch vehicles. This movement is considered an important step to make space sector more competitive and independent, and encourages domestic and international investment.
Goldy Dama, a partner of Deloitte India, welcomed this measure and said, “By deleting satellite tariffs and launching vehicle components, India has established a global hub in space production. This policy is more competitive and helps to promote the innovation -led space industry. “
Startup and MSME boost
In addition to these space -specific initiatives, budgets include a wide range of startups and MSME promotion, and there is a new financial support mechanism designed to promote deep technology innovation, including space technology. Startup India Innovation Challenge, which provides subsidies for startups that work in areas such as AI and space technologies, offers the resources necessary to expand and compete globally to emergles.
The enhanced credit guarantee scheme for the introduction of new funding funds and startup provides further propulsion to the Startup Eco System in the universe.
Vice Admiral AK BHATT, the director of the Indian Space Association (ISPA), emphasized the importance of these initiative. In India. “
Industry leader weight
Industry leaders are particularly optimistic that budgets focusing on integrating emerging technologies such as AI and geographical services into space sector. Krishanu Acharya, a CEO of SUHORA Technologies, emphasized the potential of the National Geographical Space Mission, helping to modernize land records and improve the planning of infrastructure projects.
“PM GATISHAKTI The decision to allow important data from InitiKti Initiative and the access of the private sector to the map is a pass break. We will change the cosmic sector and open new market opportunities,” he said. Achariya is working on it.
According to Awais Ahmed, the founder and CEO of Pixxel, “introduced Deep Tech Fund, 20,000 rupees in R & D led by private sector, and expanded the expansion of PLI schemes for the semiconductor and high -tech industries. Promote a breakthrough for the PLI scheme.
“National geographical spatial missions and national manufacturing missions strengthen high -tech domestic production and strengthen India’s global leadership. Lower tariffs further reduce input costs, deepen value, and manufacture and export. This is definitely one of the most influential developments for the private space industry. This budget will open the way to the participation of a larger private sector to the high impact industries, and will secure the way to the Indian leadership in the next few years.
