Latest news with #SpaceVisionPolicy-2047
Hans India
11 hours ago
- Business
- Hans India
AP Space Policy 4.0 targets Rs. 25,000 crore investment
Vijayawada: In a quantum leap towards positioning Andhra Pradesh at the forefront of India's space sector that is now primed for commercial ventures, Chief Minister N Chandrababu Naidu on Thursday directed officials to finalise the Andhra Pradesh Space Policy 4.0, with the goal of attracting ₹25,000 crore in investments. The policy also aims at generating direct employment for 5,000 people and indirect opportunities for nearly 30,000 people. The Chief Minister has approved the development of Space Cities in Lepakshi and Tirupati, while laying out strategic goals for the sector from 2025 to 2035. During a review held at the Undavalli camp office on Thursday, the Chief Minister emphasised the need to involve educational institutions to engage students and spark interest in space technologies. Naidu directed the establishment of a Technical Committee and the provision of common infrastructure based on a plug-and-play model. The leading firms in communication technology have been offered opportunities to invest in the state in this regard. The Chief Minister further highlighted that the integration of electronics, space, aerospace, defence, and drone technologies was key to the state's broader innovation strategy. Joining the meeting via video conference, Space Technology Advisor to the Government of AP and former ISRO Chairman Dr S Somanath highlighted that the Government of India was launching several key projects under the Space Vision Policy-2047. He underlined the role of private players, such as Starlink, SpaceX, and Blue Origin, in transforming the sector globally, and echoed that the future undoubtedly belongs to space. The Chief Minister instructed officials to offer more competitive incentives for investment proposals, ranging from Rs 1-2.5 cr to over Rs 500 cr, to attract companies to invest in the state's space sector. Investment categories have been classified as follows: Micro (Rs 1-2.5 cr), Small (Rs 2.5-Rs25 cr), Medium (Rs25- Rs125cCr), Large (Rs125-Rs500 cr), and Mega (Rs 500+ cr). Proposals to provide subsidies ranging from 25 per cent to 45 per cent, with special incentives for women, BC, SC, ST, minority, and differently abled entrepreneurs are under discussion. The new policy envisions two dedicated space cities: Lepakshi Space City, spread across 500 acres, will focus on design and development. It will house institutions for R&D, space startups, innovation ecosystems, and services related to space applications. Tirupati Space City will serve as a hub for manufacturing and launch logistics. Facilities planned include launch vehicle assembly, satellite and payload assembly, mechanical system component manufacturing, and electronics-avionics assembly. Its proximity to Chennai and Sriharikota, along with Lepakshi's closeness to Bengaluru, offers strategic geographical advantages. The Chief Minister also proposed road connectivity from Tirupati Space City to Sriharikota. India currently holds just 2 per cent of the global space economy. The target is to attract $44 billion in space investments by 2033. India's Space Policy-2023 allows 100% FDI in the sector. Under the India Space Vision-2047, goals include satellite manufacturing, remote sensing satellite launches, Chandrayaan 4, Venus Orbiter Mission, Mars Lander Mission, human spaceflight programs including space stations, next-gen launch vehicles (NGLVs), and a third launch pad at Sriharikota. In alignment with these national ambitions, the Government of Andhra Pradesh is shaping its 'Andhra Pradesh Space Policy 4.0' to fuel innovation, generate employment, and make the state a pivotal force in the future of space exploration.
The Hindu
a day ago
- Business
- The Hindu
Andhra Pradesh's space policy aims at attracting ₹25,000 crore investment, generating 35,000 jobs
With a view to positioning Andhra Pradesh as a national leader in the space technology sector, Chief Minister N. Chandrababu Naidu has directed officials to finalise the Andhra Pradesh Space Policy 4.0, which sets an ambitious target of attracting ₹25,000 crore in investments. The policy also aims to generate 5,000 direct and nearly 30,000 indirect jobs, while laying the foundation for a new era of innovation, manufacturing, and research. During a review meeting on Thursday, Mr. Naidu gave the green signal for the development of two Space Cities — one at Lepakshi, focused on research and development, and another at Tirupati, envisioned as a manufacturing and logistics hub. He said integration of electronics, space, aerospace, defence, and drone technologies was key to the State's broader innovation strategy. Emphasising the strategic importance of aligning Andhra Pradesh's innovation roadmap with emerging national and global space opportunities, Mr. Nadiu underscored the need to involve students and academic institutions to nurture talent in space technologies. Subsidies To attract investment across various scales — from micro to mega enterprises, the government proposed subsidies ranging between 25% and 45%, with additional incentives for entrepreneurs from socially and economically disadvantaged sections, including women, BC, SC, ST, minorities, and the differently-abled. The policy categorises projects based on their size — micro (₹1 crore to ₹2.5 crore), small (₹2.5 core to ₹25 crore), medium (₹25 crore – ₹125 crore), large (₹125 crore – ₹500 crore), and mega (₹500+ crore). The Lepakshi Space City, to be spread over 500 acres, would be developed as a hub for design, innovation, and startup incubation in space applications and R&D. The Tirupati Space City would focus on the assembly of launch vehicles, satellite systems, avionics, and mechanical components, leveraging its proximity to Chennai and Sriharikota for logistical advantage. The Chief Minister also proposed a new road link connecting Tirupati with Sriharikota to enhance access. Joining the meeting virtually, S. Somanath, former ISRO Chairman and Government of Andhra Pradesh's Honorary Adviser for Space Technology, lauded the initiative and noted that India was entering a transformative phase under the Space Vision Policy-2047. He cited the global success of private players such as SpaceX, Starlink, and Blue Origin, and remarked that Andhra Pradesh's timely policy intervention would give it a competitive edge in the expanding space economy.
