Karnataka’s Mega Ambition: Grab HALF of India’s $44 Billion Space Economy by 2033

Karnataka has boldly declared its intention to become the undisputed capital of India’s space revolution. Unveiling the Karnataka Space Technology Policy 2025-30 at the Bengaluru Tech Summit on Tuesday, Chief Minister Siddaramaiah announced that the state aims to seize 50 per cent of India’s projected $44 billion space economy by 2033 – translating into a staggering $22 billion opportunity – while securing a 5 per cent share of the global space market by 2034.

“This policy is not merely a roadmap; it is a vision to position Karnataka as the epicentre of India’s space ambitions and a global hub for space innovation, manufacturing, and research,” the Chief Minister declared. Backed by 35 targeted initiatives across five strategic pillars – skill development, investment incentives, world-class infrastructure, innovation ecosystems, and widespread adoption – the policy seeks to attract $3 billion in investments from domestic giants, international players, startups, MSMEs, private equity, and venture capital firms.

The comprehensive framework covers the entire space value chain: from upstream activities like satellite design, launch vehicle manufacturing, propulsion systems, avionics, and even emerging frontiers such as space tourism, in-space manufacturing, and space mining, to downstream applications including earth observation, satellite communications, and precision navigation. Special focus will be given to building indigenous launch infrastructure, telemetry stations, and testing facilities, alongside integrating space-derived data into agriculture, rural development, disaster management, and public services.

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To fuel this ambition, Karnataka will establish dedicated Centres of Excellence and innovation clusters, offer attractive fiscal and non-fiscal incentives, support IP creation and global certifications, and launch aggressive skilling programmes – with special emphasis on women and youth – to create a robust talent pipeline. The state joins Telangana, Gujarat, and Tamil Nadu in having a dedicated space policy, but stands out with its aggressive market-share targets and end-to-end ecosystem approach.

Alongside the space policy, Karnataka also launched its new Information Technology Policy 2025-30, targeting IT exports of ₹11.5 lakh crore by 2030 (up from ₹4.09 lakh crore in 2024) and aiming to raise the sector’s contribution to gross state value added from 26 per cent to 36 per cent while creating over 90 lakh jobs. With Bengaluru already home to ISRO headquarters, multiple DRDO and HAL facilities, and a thriving private space startup ecosystem, Karnataka is positioning itself as India’s undisputed gateway to the stars – and beyond.

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