look news india
Union Finance Minister Nirmala Sitharaman has made a provision of Rs 1000 crore in the budget to promote the indigenous space economy. She said that the Indian space economy will grow five times in the next decade. This is a venture capital fund. Through which investments will be made in the space industry.
A wave of happiness spread in the private space industry
The Finance Minister did not say how and in what way this investment will be made. But this news has created a wave of happiness in the private space industry. Srinath Ravichandran, co-founder of space-tech startup Agnikul, said, this is good news. This will help private space companies to grow. Along with this, new players will also enter the field.