Asian Development Bank VP Bhargav Dasgupta confirms ADB's openness to funding India's space sector, subject to alignment with SDGs.
Asian Development Bank VP Bhargav Dasgupta states that ADB is open to funding India's space sector, in addition to focusing on climate finance. Previously, ADB has funded satellite projects in the Asia-Pacific region but not in India. Dasgupta stated that ADB would consider funding the space sector if there's alignment with their objectives in terms of the Sustainable Development Goals. India's government recently amended the FDI policy in the space sector to attract offshore investors.
May 03, 2024
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