The Government of India is making significant progress towards its Space Vision 2047, with a focus on technological innovation, international partnerships, and private sector involvement in space exploration. Key reforms introduced in 2020 have enabled private companies to participate in space activities, defining the roles of IN-SPACe, ISRO, and NSIL.
India’s major targets include establishing the Bharatiya Antariksh Station (BAS) by 2035 and landing an Indian astronaut on the Moon by 2040.
To achieve these goals, several key missions have been approved:
- Gaganyaan Follow-on Missions and the first BAS module by 2028.
- Next-Generation Satellite Launch Vehicle (NGLV), a reusable, low-cost vehicle by 2032.
- Chandrayaan-4 by 2027, to develop technologies for lunar sample collection and return.
- Venus Orbiter Mission (VOM) by 2028, to study Venus’s surface, subsurface, and atmosphere.
A roadmap has been developed to integrate space science exploration, with milestones including the BAS module launch by 2028, full BAS establishment by 2035, and the Indian Moon landing by 2040.
The Indian Space Policy 2023 ensures equal participation of non-governmental entities (NGEs) across the space sector, while changes to the Foreign Direct Investment (FDI) policy encourage higher foreign investments. Additionally, a Rs. 1000 crore Venture Capital Fund has been set up under IN-SPACe to support space startups.
This information was provided by Dr. Jitendra Singh, Union Minister of State for Science and Technology, in a written reply in the Rajya Sabha.
