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Space Industrial Policy – 2025
April 20 , 2025
10 days
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- The Tamil Nadu Cabinet approved the Tamil Nadu Space Industrial Policy 2025.
- It aims to attract Rs 10,000 crore in investment in the space tech, create at least 10,000 jobs in the sector.
- Drawing inspiration from the USA Florida’s famed Space Coast, the Tamil Nadu state government may establish a ‘Space Bay’ across four southern districts—Madurai, Thoothukudi, Tirunelveli and Virudhunagar.
- The Startups and companies with an annual turnover of Rs 25 crore or less will be eligible to participate in the space ecosystem.
- The policy will reimburse 50% of the expenditure incurred by space firms during the investment period for the activities such as registering patents, copyrights, trademarks and geographical indicators.
- Additionally, the space sector projects exceeding Rs 300 crore will be eligible for a Special Structured Package of Incentives.
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