Synopsis
India has invested Rs 211 crore under the Fund of Funds for Startups (FFS) scheme to boost space-tech innovation, Union Minister Piyush Goyal announced.
The Union government under the ‘fund of funds for startups’ (FFS) scheme has made an investment support of Rs 211 crore, boosting the Indian space sector, said Union Minister Piyush Goyal.
The Commerce and Industry Minister wrote in a X post, “Boosting Bharat’s Space Sector. With the Fund of Funds for Startups (FFS) Scheme under @StartupIndia initiative, our government is fuelling bold ideas by backing homegrown innovators in the field of space tech with critical resources.”
“This is propelling cutting-edge technologies and making India a rising space power globally. Guided by PM @NarendraModi ji’s vision, our focus is on innovation, self-reliance & youth-driven entrepreneurship to leverage space not only for exploration, but also for transformation,” Goyal added in the X post.
In a seperate post, Goyal added that India’s startups are now taking new flights of self-reliance in the world of space as well.
Source: www.economictimes.indiatimes.com