Government Approves Major Investment in Space Sector The Government of India has launched a significant initiative to bolster the country’s space industry by approving a $119 million (Rs 1,000 crore) venture capital (VC) fund aimed at supporting space start-ups. The Union Cabinet, which initially proposed the fund in July, gave its final approval on October 24. Managed by IN-SPACe This VC fund will be managed by the Indian National Space Promotion and Authorization Centre (IN-SPACe), the country’s space regulator and promoter. Despite being one of the top five spacefaring nations,…
India Launches $119 Million VC Fund to Propel Space Start-Ups and Drive Space Ambitions
