Budget 2024: Nirmala Sitharaman Announces Rs. 1,000 Crore For Space Tech | Read
Riding high on the success of the Chandrayaan-3 mission, Finance Minister Nirmala Sitharaman on Tuesday announced a fund of Rs. 1,000 crore to encourage space technology development.
The announcement came in her Union Budget 2024 speech in the Parliament and is expected to assist more than 180 government-recognized space technology startups in India.
She said a venture capital fund of Rs. 1,000 crore will be set up expanding the space economy by five times in the next 10 years.
