India has over 400 space startups, investment crosses over $500 million: Minister
NEW DELHI: The number of space startups have reached more than 400, while the investment in such startups crossed more than $500 million, the Parliament was informed on Wednesday.
Two private sector companies tested and flown their launch vehicles at sub-orbital orbit in November 2022 and May 2024, said Minister of State Dr Jitendra Singh in a written reply in the Lok Sabha.
“A total of 25 payloads flown/going to fly on PSLV Orbital Experimental Module (POEM) which helps NGE’s test and prove the space flightworthiness of their payloads. A total of six Indian Non-Governmental Entities (NGEs) has launched 18 satellites in orbit,” the minister added.
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