2022 was a historic year for the Indian space tech industry, capturing the interest of both the subcontinent and the rest of the world thanks to the launch of India's first private rocket and a number of other satellites by private operators.

 The sector expects riding this momentum into 2023 and planning to launch numerous rockets other than satellites into space, invest $300 million in private finance, and establish a new India Space Policy, which will further open up the ecosystem.

 2022 will go down in history as the year the first satellites made in India are launched, as authorised by IN-SPACe, and the first privately owned rocket launchpad is built by Agnikul Cosmos. 

According to Lt Gen AK Bhatt (ret), director general of the Indian Space Association, the space conglomerate formed by Larsen and Toubro and HAL was given permission by the commercial arm of the Indian Space Research Organization (ISRO), NewSpace India Limited (NSIL), to create five Polar Satellite Launch Vehicles (PSLVs) in 2022. (ISpA). 

Along with the Department of Telecommunications' first satellite broadband licence agreement, OneWeb also struck a deal with NSIL to launch low-Earth orbit satellites from India. Skyroot Aerospace: Skyroot Aerospace, a Hyderabad-based company that develops space technology, made history this year when it sent its rocket Vikram-S into space, becoming the first private company to do so. 

The company also received $51 million from GIC. Dhruva Space, a Hyderabad-based business, launched its two Thybolt satellites on PSLV C54 in November after certifying its satellite orbital deployer on PSLV C53 in June. The company is also developing the necessary infrastructure for space situational awareness (SSA), the process of tracking orbiting objects and predicting their current locations.