The Indian government plans to start giving out a huge fund of Rs 1000 crore (about $120 million) to help space companies. This money is part of a special program to support people and businesses working in the space sector. Pawan Goenka, a top official, said that this funding is likely to be available starting in the first part of the financial year 2026 (FY26).
This initiative will help new space companies grow and create new technologies. It is also important for improving India’s position in the global space market. The fund is designed to encourage innovation and help startups turn their ideas into successful businesses.
If you are interested in the space industry or have ideas for space technology, this could be a great opportunity for you!
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