Centre invests Rs 211 crore in Indian space startups: Goyal

The Union Government under the 'fund of funds for startups' (FFS) scheme has made an investment support of Rs 211 crore, boosting the Indian space sector, said Union Minister Piyush Goyal.

- TBG NETWORK

The Commerce and Industry Minister wrote in a X post, "Boosting Bharat's Space Sector. With the Fund of Funds for Startups (FFS) Scheme under @StartupIndia initiative, our government is fuelling bold ideas by backing homegrown innovators in the field of space tech with critical resources."

"This is propelling cutting-edge technologies and making India a rising space power globally. Guided by PM @NarendraModi ji's vision, our focus is on innovation, self-reliance & youth-driven entrepreneurship to leverage space not only for exploration, but also for transformation," Goyal added in the X post.

In a separate post, Goyal added that India's startups are now taking new flights of self-reliance in the world of space as well.

The #StartupIndia initiative, launched under the leadership of Honorable Prime Minister @NarendraModi, along with various policy reforms, has encouraged young entrepreneurs," the post added.