States » SouthPosted at: Jun 27 2025 1:53AM


AP’s Space Policy 4.0 targets Rs 25,000 Cr. investment

Vijayawada, Jun 26 (UNI) In a significant step towards positioning Andhra Pradesh at the forefront of India’s space sector, Chief Minister N Chandrababu Naidu directed officials to finalise the AP Space Policy 4.0, with the goal of attracting Rs 25,000 crore in investments. The policy also aims to generate 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 also laying out strategic goals for the sector from 2025 to 2035. During a detailed review meeting held at the Undavalli camp office, near here on Thursday, the Chief Minister emphasised the need to involve educational institutions to engage students and spark interest in space technologies.

He 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. Mr.Naidu further highlighted that the integration of electronics, space, aerospace, defence, and drone technologies is 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 is 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 investment incentives to attract companies to invest in the state’s space sector. Investment categories have been classified as follows: Micro (Rs1-2.5 Cr), Small (Rs2.5 - Rs25 Cr.), Medium (Rs25- Rs125 Cr), Large (Rs125-Cr-500 Cr), and Mega (Rs500+ Cr).

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.

India currently holds just 2% 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.
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