Karnataka unveils draft space tech policy 2024-29 at Bengaluru Tech Summit

BENGALURU: IT-BT Minister Priyank Kharge, along with Indian Space Research Organisation (ISRO) Director S. Somanath, released the Draft Space Tech Policy 2024-2029 on Wednesday. The policy outlines ambitious targets, including capturing a 50% market share and positioning Karnataka as a global hub for space technology.

The draft policy aims to identify key strategic areas such as skill development, investments, foreign investments, and support for startups, MSMEs, and IT ventures. The announcement was made during the 27th edition of the Bengaluru Tech Summit.