Cabinet approves ₹1,000 crore VC fund for space sector
The fund is expected to boost employment in the Indian space sector by supporting startups across the entire space supply chain—upstream, midstream, and downstream.
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Budget 2024: Space sector calls for PLI, tax exemptions, startup fund
Indian Space Association (ISpA) wants the government to draw inspiration from the PLI scheme for drones and introduce a similar scheme for space-grade components.
India to approve private space activity plans in 120 days
An official release stated the NGP would complement government endeavour in providing a predictable regulatory regime, transparency and ease of doing business in the Indian space sector.
Dhruva space raises Series A funding
The fund will be utilised towards the upcoming spacecraft manufacturing facility, strategic business acquisition plans, and enhancing product offerings
Govt allows 100% FDI in space sector
New rules are expected to attract potential investors to invest in Indian space companies.
Chandrayaan-3: A look at India’s ‘quantum jump’ in space sector
Indian Space Policy-2023 opens up the sector for the private sector across the entire value chain of space activities; ISRO working on two space projects with NASA
Big bang reform: New space policy allows private players in commercial activities
The ‘Indian Space Policy 2023’ states that private players will be entitled to possess, own, transport, use, and sell space resource obtained as per applicable law
Budget 2023: Satellite makers seek PLI for space sector
Satcom Industry Association of India has also sought a tax holiday regime and Goods and Services Tax incentives for organisations and entities engaged in the space sector.
