India's space regulator launches $58 million fund to boost startups, cut reliance on imports

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The story "India&#039;s space regulator launches $58 million fund to boost startups, cut reliance on imports" was covered 2 days ago by Channel News Asia, a news publisher based in Singapore.

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India's space regulator launches $58 million fund to boost startups, cut reliance on imports - Channel News Asia

Quick Summary:

BENGALURU : The Indian National Space Promotion and Authorisation Centre (IN-SPACe) on Wednesday launched a 5 billion rupee ($57.58 million) fund to help early-stage space technologies go commercial and reduce reliance on imports as the country seeks to boost its market share in the global space industry.

"This support will enable companies to refine their technologies, enhance production processes and meet market demands both within India and abroad".

"We are witnessing a surge of pioneering startups developing groundbreaking solutions for the space industry.