The Indian government has given the green light to a significant venture capital fund of Rs 1,000 crore with the aim of supporting the growth of startups in the space sector.
This move is expected to have a major positive impact on the private space industry in India, promoting advancements in space technology and innovation.
The decision demonstrates the government's dedication to enhancing the capabilities of the domestic space sector, encouraging private investment, and positioning India as a strong competitor in the global space market.
The fund is predicted to attract a wide range of startups, driving further development and collaboration within the industry.