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India invests $27.5 million into space startups to boost innovation and global competitiveness.
The Indian government has invested ₹211 crore into the country's space sector under the 'Fund of Funds for Startups' scheme, aiming to boost innovation and make India a global space power.
This investment, announced by Union Minister Piyush Goyal, supports startups at various stages of development and reflects a nearly threefold increase in the space budget over the past decade.
Prime Minister Narendra Modi has expressed his support for these initiatives, which promote self-reliance and youth entrepreneurship in space technology.
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La India invierte $27.5 millones en startups espaciales para impulsar la innovación y la competitividad global.