Tamil Nadu Government Acquires Equity in Private Space Firm AgniKul Cosmos

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Tamil Nadu Govt Invests in AgniKul Cosmos, Boosts Deep-Tech Space Innovation

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News18•16-03-2026, 08:15

Tamil Nadu Govt Invests in AgniKul Cosmos, Boosts Deep-Tech Space Innovation

•Tamil Nadu government acquires an equity stake in private space firm AgniKul Cosmos.
•Investment made through Tamil Nadu Industrial Development Corporation (TIDCO) to support deep-tech innovation.
•AgniKul Cosmos, founded in 2017 and incubated at IIT Madras, designs small-lift launch vehicles for satellites.
•India's private space sector is rapidly growing, with 1050 companies on the IN-SPACe Digital Platform.
•IN-SPACe's Decadal Vision Report aims to expand India's space economy from $8.4 Bn to $44 Bn by 2033.

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