Passez à l'illimité avec Magzter GOLD
Obtenez un accès illimité à plus de 9 000 magazines, journaux et articles Premium pour seulement
Essayer OR - Gratuit
Space & economy: Venture capital fund for innovation and growth
The Business Guardian
|December 01, 2024
India is on the cusp of becoming a global leader in space technology, with the potential to revolutionize industries, create jobs, and elevate its global standing.
A pivotal moment in this journey comes with the Union Cabinet's approval of a Rs 1,000 crore venture capital fund aimed at bolstering India's space sector.
This fund, designed to support startups and innovation in the space industry, promises to be a game-changer, propelling India's ambitions to the forefront of the space economy.
As the government and private players work hand in hand, India could soon be known not only for its space missions but also as the innovation hub for the next generation of space technologies.
India's space industry has evolved significantly over the past few decades.
With ISRO (Indian Space Research Organisation) at the helm, India has made remarkable strides in space exploration, launching successful missions to the Moon and Mars, as well as positioning itself as a reliable player in the global satellite launch market.
However, this success has largely been driven by government efforts, with private-sector participation remaining limited until recent years.
The establishment of IN-SPACE (Indian National Space Promotion and Authorization Center) marked a critical shift, designed to facilitate private sector involvement in space activities.
IN-SPACE acts as a regulatory body and a platform for private players, guiding them through the process of getting their space missions off the ground.
The government's decision to launch a Rs 1,000 crore venture capital fund is a strategic move to provide further impetus to this growing sector.
It will inject much-needed funds into startups and other private entities, ensuring that these companies have the financial resources to develop new technologies, launch satellites, and drive the next phase of innovation.
THE POTENTIAL OF THE SPACE ECONOMY
The scope of India's space economy is vast and multifaceted.
Cette histoire est tirée de l'édition December 01, 2024 de The Business Guardian.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE The Business Guardian
The Business Guardian
‘Capex, Opex subsidies in mineral scheme to boost recycling infra’
Provision of both capital expenditure (Capex) and operational expenditure (Opex) subsidies under Rs 1,500 crore incentive scheme for Critical Mineral Recycling will accelerate the establishment of advanced recycling infrastructure, said industry body India Energy Storage Alliance (IESA) while welcoming the Centre's move.
2 mins
September 21, 2025
The Business Guardian
Why 2 nm chips matter in India’s chip revolution
India has taken another big step in its semiconductor journey with the recent inauguration of ARM's new design office in Bengaluru.
2 mins
September 21, 2025
The Business Guardian
GOVT ACTIVATES PORTAL FOR GST COMPLAINTS
The Ministry of Consumer Affairs, Food & Public Distribution on Saturday announced the activation of a dedicated category on the INGRAM portal to handle anticipated consumer queries and complaints on the National Consumer Helpline (NCH), following the implementation of revised GST charges, rates, and exemptions effective from September 22.
2 mins
September 21, 2025
The Business Guardian
BofA sees positive outlook for Paytm, citing soundbox, AI
Paytm (One97 Communications Limited), India's full stack merchant payments leader, is showing steady momentum across its core
1 min
September 21, 2025
The Business Guardian
GST CUTS TO BOOST ECONOMY, BUT REVENUE LOSS COULD HIT BANKING SECTOR
While the government has estimated an annual revenue loss of about Rs 480 billion, due to the reduced Goods and Services Tax (GST) rates on various products, a recent report by Systematix Research has pegged the figure much higher, at nearly Rs 1.2 trillion.
1 mins
September 21, 2025
The Business Guardian
Ahead of IPO, Ganesh Consumer Products raises Rs 122 crore
Ganesh Consumer Products Ltd, a key player in packaged food products in eastern India, on Friday said it has raised over Rs 122 crore from anchor investors, ahead of its initial share-sale opening for public subscription.
1 min
September 21, 2025
The Business Guardian
Third round of India-New Zealand FTA negotiations concludes
The third round of negotiations for the India-New Zealand Free Trade Agreement (FTA) concluded successfully on Friday in Queenstown, New Zealand.
1 min
September 21, 2025
The Business Guardian
'Capex, Opex subsidies in mineral scheme to boost recycling infra'
Eligible feedstock is e-waste, Lithium Ion Battery (LIB) scrap, and scrap other than e-waste & LIB scrap, e.g. catalytic converters in end-of-life vehicles.
1 min
September 21, 2025
The Business Guardian
Zelio E-Mobility gets Sebi nod for Rs 78-cr IPO
Electric vehicle maker Zelio E-Mobility Ltd on Friday said it has received approval from capital market regulator Sebi for its SME IPO to raise Rs 78 crore.
1 min
September 21, 2025
The Business Guardian
US' H-1B fee move can have ripple effects on US innovation system
Indian IT industry body Nasscom has expressed concerns following the White House’s September 19 announcement of anew USD 100,000 annual fee on H-IB visa applications, calling the move potentially disruptive to global business continuity and the innovation ecosystem in the United States.
2 mins
September 21, 2025
Listen
Translate
Change font size