The Indian government has introduced a ₹5 billion ($57.7 million) Technology Adoption Fund to accelerate the commercialization of its space sector. Managed by IN-SPACe, the fund will cover 60% of mission costs for startups and 40% for larger companies, along with providing technical support. IN-SPACe Chairman Pawan Goenka outlined four focus areas: small satellite launches, satellite manufacturing, ground stations, and data services. The initiative aligns with India’s goal of capturing 8% of the global space market and building a $44 billion space economy by 2033. The move highlights India’s push to become a major player in the commercial space industry.
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