INSPACe Launches 7 Space Labs to Boost India's Space Economy

• INSPACe to establish 'Antariksh Prayogshala' at 7 higher education institutions across the country.
• Aims to provide hands-on training, foster industry-academia collaboration, and develop talent for India's growing private space sector.
• INSPACe will fund up to 75% of project cost, capped at ₹5 crore per institution, selected from 7 different zones.
• Eligible institutions must be 5+ years old, have an NIRF ranking under 200, and offer space technology courses.
• Initiative supports India's space economy, projected to reach $44 billion by 2033, requiring skilled manpower.

Why It Matters: INSPACe's new space labs will empower students and fuel India's ambitious $44 billion space economy.