Tamil Nadu Launches Space Industrial Policy to Boost Investment and Jobs
| Aspect | Details |
|---|---|
| Event | Tamil Nadu unveils Space Industrial Policy in April 2025. |
| Objective | Boost economic growth, attract ₹10,000 crore investments, create 10,000 jobs. |
| Approval | Approved by Tamil Nadu Cabinet on April 17, 2025, chaired by CM M.K. Stalin. |
| Alignment | Aligns with Indian Space Policy 2023 and IN-SPACe suggestions. |
| Key Focus Areas | Manufacturing, design, R&D, electronics, and space startup ecosystem. |
| Existing Infrastructure | ISRO Propulsion Complex (IRPC) in Mahendragiri, Space Technology Incubation Centre (STIC) at NIT Tiruchirappalli. |
| New Developments | Second Indian spaceport at Kulasekarapattinam, Thoothukudi. |
| Incentives | Payroll subsidies, Space Bays, industrial housing incentive (10% up to ₹10 crore), green initiatives subsidy (25% up to ₹5 crore). |
| Governance Integration | Space tech in agriculture, health, disaster management, and transport. |
| Strategic Importance | Strengthens Tamil Nadu's role in India's private space sector, enhances global competitiveness. |