The Union Cabinet approved a ₹1,000 crore Venture Capital fund on Thursday to support space-sector startups in India. Union Minister Ashwini Vaishnaw announced the decision.
This initiative aligns with Union Finance Minister Nirmala Sitharaman’s Budget Speech in July, during which she stated that the Centre would “set up a ₹1,000 crore venture capital fund for investments into the space economy.”
(More to come)