IN-SPACe offers ₹67.15 crore to four Indian space firms

The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has offered ₹67.15 crore to four Indian companies under its Technology Adoption Fund. Press Trust of India (PTI) reported the selection on October 31, 2026, naming Maharashtra-based Manastu Space, MumbaiSemi and Inspecity Space Laboratories, along with Bengaluru-based VyomIC. The support targets indigenous propulsion, navigation and timing technologies.

According to IN-SPACe’s public announcement, Manastu Space has been offered ₹22.08 crore to develop an iodine-based Hall-effect thruster for small satellites. MumbaiSemi’s ₹11.34-crore offer is for a receiver system-on-chip combining radio-frequency and digital components to receive India’s NavIC and GPS navigation signals.

InspeCity Space Laboratories has been offered ₹21.18 crore for a refuellable green propulsion system for microsatellites, intended to support manoeuvring and future in-orbit servicing. VyomIC’s ₹12.55-crore offer covers stable, secure clocks for space applications, including satellite navigation, constellations and deep-space missions, the agency said.

IN-SPACe places all four projects at Technology Readiness Level 3, meaning proof of concept has been demonstrated. It expects development toward commercially viable products to take two to three years. Those are development targets; the announcement does not establish that the funded systems are already commercially deployed.

PTI reported that the projects will proceed against defined milestones, with both progress and funding monitored under the scheme. The reviewed announcements give funding offers rather than a record of the full amounts being disbursed.