Karnataka Eyes $5B Space Investment Under New Tech Policy

At‍‌‍‍‌‍‌‍‍‌ the Bengaluru Tech Summit, Karnataka launched its new Space Technology Policy, which, besides seeking to draw $5 billion in investments during the next five years, also aspires to place the state as the first space hub of India. The policy sets out to assist a network of 500+ space startups as well as MSMEs, to generate more than 50,000 skill-intensive jobs and to allow companies to build and launch a fleet of more than 50 satellites.