IN-SPACe

October 24, 2024 5:12 PM

Cabinet approves ₹1,000 crore venture capital fund to boost space sector startups

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the creation of a ₹1,000 crore Venture Capital Fund dedicated to the space sector, under the supervision of the Indian National Space Promotion and Authorization Center (IN-SPACe). Announcing the decision, Information and Broadcasting Minister Ashwini Vaishnaw said the fund aims to support the development of space startups, with a planned deployment period of up to five years from the start of operations. “The Union Ca...

September 16, 2024 6:36 PM

Reliance’s Jio Platforms clears hurdle in bid to launch satellite internet in India

A joint venture between Reliance Industries' Jio Platforms and Luxembourg-based SES to provide gigabit fibre internet has won approval from the Indian space regulator to operate satellites there, a government executive said. The three approvals issued to Orbit Connect India - which aims to provide satellite-based high-speed internet access - come as companies from Amazon to Elon Musk's Starlink have been vying for the go-ahead to launch satellite communication services in the world's most popul...

September 16, 2024 5:45 PM

Space startup Agnikul launches India’s second privately built rocket

Agnikul Cosmos launched its Agnibaan rocket for the first time on Thursday, powered by the only Indian rocket engine to use both gas and liquid fuel in the country's second flight of a privately built rocket. The Agnibaan's first flight had been called off four times in the last two months because of technical issues. The most recent cancellation was Tuesday, when launch was aborted five seconds before lift-off. "A major milestone, as the first-ever controlled flight of a semi-cryogenic liquid...