India has witnessed investment of over Rs.1,000 crore in Space Startups in last nine months of the current financial year from April to December 2023, Union Minister Dr Jitendra Singh has said.

During an exclusive interview at the National Zee TV Conclave here, Union Minister of State (Independent Charge) Science & Technology, MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh said, this has been possible because after a bold decision taken by Prime Minister Narendra Modi, India’s Space sector has been opened up for private players, as a result of which there is an overwhelming response from Industry as well as investors from private sector.

From just one Startup in the Space sector four years back, we have almost 190 private Space Startups after opening up of the sector and the earlier ones of them have now turned entrepreneurs, he said.

Dr Jitendra Singh said, overall from just about 350 Startups in the year 2014, today we have about 1,30,000 Startups, besides Unicorns.