Karnataka's Space Tech Policy to Lead India's Global Space Economy

• Karnataka aims to lead India's space technology sector, driven by its new Space Tech Policy 2025-2030.
• The policy targets capturing 50% of India's space tech market and 5% of the global space economy by 2034.
• Goals include mobilising $5 billion in investments, supporting over 500 space start-ups, creating 50,000+ jobs, and enabling the launch of 50+ satellites.
• Bengaluru's existing ecosystem, with institutions like ISRO, HAL, and NAL, positions the state as a strong hub for space innovation.
• The policy focuses on both upstream (deep-tech research, manufacturing) and downstream (space-based applications) technologies, with plans for manufacturing clusters and testing facilities.

Why It Matters: Karnataka's policy will drive India's space tech growth and global standing.