Read or download the official PDF of this gazette notification issued by the Prime Minister's Office on 21st August 2026. Classified under Press Release.
Executive Summary
On August 21, 2026, Prime Minister Narendra Modi met with the CEOs and founders of 20 space startups to discuss the growth of India's private space industry. The interaction focused on the success of opening the sector to private participation, the potential for India to attract global investment, and the necessity of applying space technology to social development. Key action items include fostering cross-sector collaborations and partnering with Atal Tinkering Labs to inspire the next generation of space professionals.
Key Points / Main Content
Industry Progress and Private Participation
CEOs highlighted that opening the space sector to private entities has generated significant enthusiasm and created diverse new opportunities.
The industry has made rapid progress in indigenous technologies, including reusable semi-cryogenic launch vehicles, avionics, advanced propulsion systems, and AI-powered climate intelligence.
There is growing international interest in adopting and leveraging technologies developed by India's emerging private space firms.
Strategic Vision and Global Positioning
The Prime Minister positioned India’s space sector as a potential "magnet" for global talent, companies, and investment.
India aims to strengthen its global standing by filling investment gaps left by other countries that are unable or unwilling to invest in space.
The government seeks to create an ecosystem where the global community looks toward India as a leader in space innovation.
Social Application and Cross-Sector Collaboration
Space companies are encouraged to develop applications that directly improve the lives of citizens and simplify daily tasks.
Emphasis was placed on collaboration between space startups and environmental organizations to scale up technologies like space debris removal.
Space technology companies are urged to partner with agricultural universities and departments to provide data that helps farmers maximize output.
Educational Outreach
A specific suggestion was made for closer collaboration with Atal Tinkering Labs to nurture curiosity and interest in space among young children.
Impact Analysis
Space Startups and CEOsImpact
Startups are recognized as primary drivers of national innovation and are granted high-level government support to pursue ambitious goals.
Action Required
Continue developing indigenous capabilities and actively seek partnerships with other social development sectors and educational programs.
Agricultural Sector and UniversitiesImpact
Farmers and agricultural researchers can benefit from advanced satellite data and weather intelligence to make informed decisions.
Action Required
Collaborate with space technology companies to integrate space-based insights into farming practices and academic research.
Educational Institutions (Atal Tinkering Labs)Impact
Young students will receive earlier and more practical exposure to the space industry, fostering a future talent pipeline.
Action Required
Establish collaborative frameworks with space startups to create engagement programs that spark interest in space science among children.
Global Investors and TalentImpact
The Indian space sector is officially promoted as a primary destination for international capital and specialized expertise.
Action Required
Monitor the evolving Indian space ecosystem for investment opportunities and expansion possibilities.
Key Entities Referenced
Narendra Modi: Prime Minister of India who led the interaction with space startups and emphasized the role of private participation in strengthening India's global space position.
Opening Space Sector to Private Participation: The landmark policy decision cited by industry leaders as the primary driver for growth and private investment in India's space industry.
Atal Tinkering Labs: A program intended for collaboration with space startups to cultivate interest in space technology among the youth.
Prime Minister's Office
PM interacts with CEOs and Founders of Space
Startups
CEOs highlight growing interest shown from across the world
in adopting and leveraging technologies developed by India’s
space industry
CEOs appreciate decision of Opening Space Sector to
Private Participation Created saying it created multiple New
Opportunities
PM Calls for Wider Applications of Space Technology to
Improve Lives of people
PM says India’s Space Sector Can Become a Magnet for
Global Talent, Companies and Investment
PM emphasises greater collaboration Between Space
Industry and other social development sectors
PM suggests greater collaboration with Atal Tinkering Labs to
Nurture Curiosity and Interest Among Young Minds for Space
प्रव तथ: 21 AUG 2026 2:21PM by PIB Delhi
Prime Minister Shri Narendra Modi interacted with CEOs and Founders of 20 Space Startups at Seva
Teerth, earlier today.
CEOs of leading companies in the space sector working in diverse fields ranging from building rockets
and reusable semi-cryogenic launch vehicles, avionics, satellites, advanced propulsion system, space and
defence intelligence, removing space debris, AI-powered hyperlocal weather and climate intelligence,
among others, participated in the interaction. They highlighted the rapid progress being made by India’s
private space industry and shared their vision for the sector’s future. They shared that they have put in
significant time and effort in building their capabilities and required technologies indigenously in the
country, while expressing gratitude for the support received from the Prime Minister. They also
highlighted the strong support from the government and collaboration within the industry, noting that their
teams are highly motivated and working with determination to achieve ambitious goals in the space sector.They recalled that opening the space sector to private participation had generated significant enthusiasm
and created new opportunities for industry. They also said that several companies have shown interest in
adopting and leveraging technologies developed by India’s emerging private space industry.
Prime Minister congratulated the leaders of the space sector for showing courage and taking the lead in a
new area. He said that the confidence shown by the sector has strengthened the vision with which the
space sector was opened to private participation. He noted that many countries either cannot invest in the
space sector or do not wish to invest in it. This gives India a major opportunity to rapidly strengthen its
position in the global space sector.
Prime Minister encouraged space companies to explore new applications of their technologies and focus
on how these can make people's lives easier.
Prime Minister suggested greater collaboration between space sector companies with companies working
in other sectors. Companies working on space debris could work with environmental organisations to
scale up their technologies. Space technology companies working with the agriculture sector could
collaborate with agricultural universities and departments to help farmers make better informed decisions
and maximise their output.
Prime Minister called for creating an ecosystem and an environment where, when the world thinks of
space, it looks towards India. He said that India’s space sector can act as a magnet to attract global talent,
companies and investment to the country.
He called for closer collaboration with Atal Tinkering Labs. He said this can create curiosity and interest
in the space sector among young children from an early age.
The interaction saw participation from CEOs and Founders of 20 startups working in space sector
including Skyroot Aerospace, Agnikul Cosmos, Pixxel, Dhruva Space, GalaxEye, PierSight, Bellatrix
Aerospace, Digantara, SatSure, Suhora Technologies, Manastu Space, Astrobase, TakeMe2Space,
VyomIC, Cosmoserve Space, OrbitAID Aerospace, SkyServe (Hyspace), Serendipity Space, Vassar Labs
and mistEO.
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MJPS/SS/ST
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