October 24, 2024 11:03 PM

PM Modi lauds launch of ₹1,000 crore VC fund for space sector, says it will drive innovation

Prime Minister Narendra Modi hailed the Union Cabinet’s decision to set up a ₹1,000 crore Venture Capital (VC) Fund dedicated to the space sector, stating that it will have a phenomenal impact on the youth and foster innovation in India’s growing space industry. In a post on X, PM Modi expressed optimism about the fund’s role in creating opportunities for young innovators. "Excellent news for the space sector! The Cabinet’s decision to establish a Venture Capital Fund will give opport...