Space Sector PLI-Like Scheme and 10% Procurement Mandate on Budget Wishlist
MSME space startups and anchor firms like Skyroot and Agnikul are advocating for a dedicated PLI-equivalent scheme with Rs 5,000 crore corpus alongside a 10% mandatory government procurement from private players in Budget 2026, unlocking a nascent industry poised to reach Rs 50,000 crore valuation by 2030. Building on IN-SPACe successes with 200+ startups, this policy cocktail would fund launch vehicle reusability, satellite constellations, and propulsion tech R&D, easing capital access for deep-tech ventures, fostering 50,000 skilled jobs, and elevating India’s share in the $500 billion global space economy through exportable smallsat solutions and hybrid mission collaborations.
Space Sector PLI-Like Scheme and 10% Procurement Mandate on Budget Wishlist
