Government invests Rs 211 Cr under Fund of Funds for spacetech startups

The Union Government has announced an investment support of Rs 211 crore (around $25 million) under the Fund of Funds for Startups (FFS) scheme, giving a significant push to India’s growing space-tech sector. 

Union Minister Piyush Goyal stated that the investment will empower homegrown innovators in space technology with critical resources, propelling India as a rising global space power. Guided by Prime Minister Narendra Modi’s vision, the government is committed to driving innovation, youth-led entrepreneurship, and transformative use of space…