Mon May 26 03:00:00 UTC 2025: Here’s a summary of the article and a rewritten version as a news article:
**Summary:**
Tamil Nadu has approved a Space Industrial Policy to attract investment and stimulate growth in its space sector, joining Karnataka and Gujarat. The policy aims to leverage the state’s existing strengths in manufacturing and technology, while integrating space technologies into governance to improve citizen’s quality of life. The plan aims to attract ₹10,000 crore and create 10,000 jobs over the next five years. Key initiatives include payroll subsidies, Space Bay incentives, and support for green initiatives.
**News Article:**
**Tamil Nadu Launches Ambitious Space Industrial Policy, Eyes ₹10,000 Crore Investment**
**Chennai, May 26, 2025** – Tamil Nadu is the latest state to embrace the burgeoning space industry with the launch of its Space Industrial Policy, approved on April 17, 2025. The policy aims to attract ₹10,000 crore in investments over the next five years and generate approximately 10,000 direct and indirect jobs. It follows in the footsteps of Karnataka and Gujarat, states that have already established similar frameworks to capitalize on India’s growing space sector.
The Tamil Nadu government envisions integrating space technologies across various departments, including disaster management, agriculture, and healthcare, to enhance public services and improve the quality of life for its citizens.
The policy offers a range of incentives to attract companies, including payroll subsidies for R&D and the establishment of global capability centers. It also designates specific regions as “Space Bays,” providing tailored incentive packages for investments under ₹300 crore. Additional support is offered for green and sustainable initiatives.
Tamil Nadu boasts a strong existing industrial base in electronics and precision manufacturing, along with a vendor base of over 250 companies already supplying ISRO. ISRO also has an ISRO propulsion complex (IRPC) in Mahendragiri and is also establishing the country’s second spaceport at Kulasekarapattinam in Thoothukudi.
A Memorandum of Understanding has been signed between the Tamil Nadu Industrial Development Corporation (TIDCO) and IN-SPACe, a central government body promoting non-government entities in the space sector, to facilitate manufacturing, R&D, and strategic electronics development for startups and established companies.
With the launch of this comprehensive Space Industrial Policy, Tamil Nadu aims to become a major hub for the private space industry in India, solidifying its position as a leader in technology and innovation.