Union finance minister Nirmala Sitharaman on Tuesday announced the creation of a ₹1,000 crore venture capital fund in the Budget 2024 aimed at expanding the space economy “fivefold over the next decade”. The new venture capital fund is expected to stimulate private sector involvement in space activities, supporting startups and established firms in advancing innovative space technologies. News agency PTI …
April 03, 2024 12:53 pm | Updated 02:56 pm IST The story so far: As the Indian Space Research Organisation forays further into space with missions to the sun and the moon, with space telescopes, landers, and astronauts, the nation’s space sector is also expanding beyond ISRO. While production of launch vehicles, satellites, spacecrafts, and boosters was mainly handled by …
Industry leaders welcomed the policy and described it as a ‘futuristic’ one that will position India and launch the Indian Space Sector in the 21st century New Delhi: The Indian Space Research Organisation must stop producing operational space systems, according to the new Indian Space Policy, which was made public on Thursday. Industry leaders welcomed the policy and described it …
There’s a wide chasm between expenses on imports and earnings from exports in the space technology industry, suggests data made public as part of a response by Space Minister Jitendra Singh, in the Lok Sabha on February 8. In response to a question by DMK MP Kanimozhi Karunanidhi on the “.details of total imports and exports carried out in space …
Union Minister of State Science & Technology; Minister of State Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh said, Government proposes to widen the participation of private players in space domain, by allowing them to undertake end-to-end space activities. In a written reply to a question in the Rajya Sabha today, Dr Jitendra …
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