With over 350 private space companies today—up from just a few dozen in 2020—India’s proven low-cost, high-impact missions continue to make it an attractive partner for Singapore and the wider region
India’s fast-expanding private space industry is increasingly turning to Singapore as a key gateway for investment, partnerships and access to global markets. This growing interest was clearly visible at an investor interaction held on February 3 at the Shangri-La Hotel, organised by the Indian High Commission and TiE Singapore.
Held alongside the Singapore Space Summit 2026, the event brought together around 30 Singapore-based investors and several leading Indian space startups, underlining the deepening space ties between the two countries.
Addressing investors, Dr Pawan Goenka, Chairman of the Indian National Space Promotion and Authorisation Centre (IN-SPACe), said India aims to capture nearly 10 per cent of the global space economy, projected to reach US$1.8 trillion by 2035. He noted strong interest from Singapore’s major investment institutions, including Temasek and GIC.
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Startups such as Skyroot Aerospace and Agnikul Cosmos are already drawing global attention
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Skyroot, which plans to carry out India’s first private orbital launch with its Vikram-1 rocket, has raised more than US$95 million, with Temasek and GIC among its investors
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Industry sources also revealed discussions on Singapore becoming a direct customer, with talks around launching Singaporean satellites on Indian rockets
India was the Partner Country at the inaugural Singapore Space Summit 2026, held from February 2 to 3. The India Pavilion, curated by IN-SPACe, featured nine Indian firms spanning satellite services, manufacturing and space technologies. Singapore’s Minister-in-charge of Energy and Science and Technology, Tan See Leng, visited the pavilion and explored collaboration opportunities with Indian officials.
The partnership received a major boost during Singapore Prime Minister Lawrence Wong’s visit to India in September 2025, when IN-SPACe and Singapore’s OSTIn signed a cooperation agreement covering policy support, industry promotion and research.
