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Image Credit: Economic Times

India approves $119 million fund for space startups

  • The Indian government has approved a $119 million fund for the country's space startups.
  • The fund aims to support the development of space technology, generate employment, fortify supply chains, and boost research and development.
  • The fund will be managed by the Indian National Space Promotion and Authorisation Centre.
  • India aims to increase its market share in the commercial space market from 2% to $44 billion by 2033.

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