Novaspace Expands to India — Accelerating the Growth of the Nation’s Space Economy

Bangalore, November 18, 2025 — Novaspace, the global consulting and market-intelligence firm dedicated to the space sector, announces the opening of its new office in India, marking a strategic milestone in its mission to connect global expertise with one of the world’s most dynamic and fast-evolving space ecosystems. Building on more than 40 years of heritage in advising governments, space agencies, and industry leaders, Novaspace’s expansion into India reflects both a commitment to local collaboration and a vision for global impact.

“India today stands at a crossroads in the global space economy,” said Pacôme Révillon, CEO of Novaspace. “As the country transitions from government-led missions to commercially driven applications, it is becoming one of the most compelling opportunities in the global space sector. For Novaspace, entering India is a natural and timely step that allows us to align our consulting, technology, and market-intelligence expertise with a vibrant, large-scale, and fast-moving ecosystem. We believe that by being local, we are better placed to partner with Indian government, industry and academia, to co-develop solutions and serve both domestic and export markets.”

India’s Space Momentum: A Global Inflection Point

India’s space journey has evolved from a government-led pursuit into a globally integrated ecosystem blending innovation, entrepreneurship, and strategic ambition. According to the Novaspace Government Space Programs 2024 report, IN-SPACe’s ‘Decadal Vision and Strategy for the Indian Space Economy’ report sets out a ten-year roadmap to transform India into “a dominant space power,” with the government targeting growth from US $8.4 billion in 2022 to US $44 billion by 2033 through stronger public–private collaboration and international partnerships.

Supported by progressive reforms, including clarified Foreign Direct Investment (FDI) rules, new venture and technology funds for startups, and expanding civil programs in launch capabilities, Earth observation, telecommunications, and human spaceflight, India is rapidly positioning itself as one of the world’s most open and collaborative hubs for space innovation.

“Our presence in India is not just about proximity — it’s about partnership,” added Rainer Horn, Partner and Managing Director at Novaspace. “We aim to serve as a bridge between Indian capabilities and global opportunities, helping accelerate technology transfer, attract investment, and strengthen the country’s position in the global space economy. As a trusted advisor, we also see our role in India as ensuring access to reliable insights and data that can guide strategic choices and contribute to the sustained growth of the Indian space sector.”

Local Presence, Global Partnership

Led by Surbhi Patni Dalmia, Director and Country Head of Novaspace India, the new Indian base will enable close collaboration with the country’s start-ups, industrial players, government bodies, and research institutions. Her extensive experience in strategy and space-sector development ensures that Novaspace’s expansion is guided by deep local insight and proven industry leadership. The India office will complement Novaspace’s existing network of 10 offices across Europe, North America, and Asia-Pacific, strengthening the company’s ability to deliver localized intelligence and co-develop strategies for national and international markets, while reinforcing its role as a trusted global advisor offering management consulting, technology consulting, market intelligence, and executive summits.

Shaping the Next Phase of Global Space Growth

Novaspace’s expansion comes at a time when the global space economy is undergoing rapid transformation, shaped by mega-constellations, defense modernization, AI-driven data services, and the democratization of space access. With India emerging as a central actor in this evolution, Novaspace’s local presence aims to foster cross-border innovation and strategic collaboration that benefit both India and the world.

About Novaspace
Novaspace is a global leader in space consulting and market intelligence, formed through the merger of Euroconsult and SpaceTec Partners. This strategic move combines the distinctive strengths of both entities to significantly amplify our international presence and service capabilities. With over 40-year legacy of expertise in guiding public and private entities in strategic decision-making, Novaspace offers end-to-end consulting services, from project strategy definition to implementation, providing data-led perspectives on critical issues. Novaspace presents an expanded portfolio of services, featuring combined expertise in management and technology consulting, top-tier executive summits, and market intelligence. Trusted by more than 1,200 clients across 60+ countries, Novaspace operates from offices in Brussels, London, Montreal, Munich, Paris, Singapore, Sydney, Tokyo, Toulouse, Washington D.C., and now Bangalore, India.

Media Enquiries: Olivia Garnier | Communications Lead | olivia.garnier@nova.space