Sidbi to manage Rs 1,000 crore space fund in India

timesofindia.indiatimes.com

India's space regulator IN-SPACe has appointed Sidbi Venture Capital Limited to manage a fund of Rs 1,000 crore. This fund is aimed at helping private companies in the space technology sector. The capital from the fund will be released over five years. It will start with an investment of Rs 150 crore in the year 2025-26. After that, Rs 250 crore will be invested each year for the next three years. The final year will see an investment of Rs 100 crore in 2029-30. The funding amounts will vary from Rs 10 crore to Rs 60 crore. The specific amount will depend on the stage of development, growth potential, and how much the company can contribute to India's space capabilities.


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