‘135 applications received by IN-SPACe from non-governmental entities’

New Delhi: Union Minister of State Science & Technology Jitendra Singh on Wednesday said that till date, 135 applications have been received by IN-SPACe from 135 Non-Governmental Entities (NGEs) in the space sector.

Singh laid a statement on the table of the Lok Sabha in reply to a question on start-ups in space, and said that a new seed fund scheme has been approved by IN-SPACe Board to provide initial financial assistance to Indian space start-ups.

The Minister said: “A revised FDI policy in the space sector to facilitate overseas investment in NGEs and a National Space Policy are in the process of final approval of the government.”