Business EconomyPosted at: Nov 13 2026 6:46PM


AP CII Summit: Lokesh stresses need for integrated ecosystem to boost India's space economy

Visakhapatnam, Nov 13 (UNI) Andhra Pradesh Education and IT Minister Nara Lokesh on Friday called for an integrated ecosystem involving major space companies, MSMEs, suppliers, research institutions and academia to strengthen India's emerging space economy.
Addressing a session on India's New Space Economy at the CII Partnership Summit 2026 here, he said state governments could contribute to the growth of the sector by identifying industry requirements, mapping the entire value chain and attracting investments.
Interacting with college students, Lokesh said Andhra Pradesh was adopting a systematic approach to developing sector-specific ecosystems, despite space being largely a Central Government subject.
He said vertical integration involved attracting component manufacturers, suppliers and vendors to support major space companies such as Skyroot in rocket development and launches.
MSMEs had an important role in strengthening the supply chain, with one such enterprise manufacturing a shield for a rocket, he noted.
Horizontal integration, he said, required closer collaboration between industry and academia through curriculum reforms, research promotion and the establishment of testing and certification facilities with Centres of Excellence.
Referring to the proposed collaboration with IIT Tirupati to establish a Centre of Excellence in the energy sector, Lokesh said such initiatives were important in view of the growing ingot, solar wafer and solar cell manufacturing cluster in the region.
He called for a dedicated national policy to develop an integrated space industry ecosystem and urged state governments to identify opportunities across the value chain and attract companies and ancillary industries.
A well-connected network of major space companies, MSMEs, suppliers, research institutions and educational establishments would help accelerate the growth of India's space economy, he added.
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