The Morning Brief Corner Office Conversation with Pawan Goenka, Chairman, IN-SPACe
Jul 21, 2025
Pawan Goenka, Chairman of IN-SPACe and former leader at Mahindra, discusses India's bold entry into the global space race. He highlights the surge of over 300 space startups and the pivotal Space Activities Bill aimed at expanding the sector. Goenka shares insights on transferring ISRO's technology to privatized launches and the creation of a significant VC fund. He also navigates the challenges of funding in deeptech while aiming to grow India's space economy from $8.5 billion to an expected $44 billion by 2033.
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India's Pioneering Space Reform
- Transferring SSLV tech to industry marks India's serious space reform commitment.
- This sets up India as a global small satellite launch hub with multiple private rockets available.
Measuring IN-SPACe Success
- Success of IN-SPACe is measured by startup growth, investments, and space economy scale.
- India aims to grow its $8.5B space economy to $44B by 2033 with formal GDP tracking underway.
Indian Space Tech Breakthroughs
- Indian startups innovate with semi-cryogenic 3D printed engines and hyperspectral imaging satellites.
- Space debris analysis is emerging as a critical frontier with indigenous tech development.