{"id":47166,"date":"2024-10-24T20:57:27","date_gmt":"2024-10-24T20:57:27","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/india-allots-119m-in-funds-for-space-startups"},"modified":"2024-10-24T21:36:33","modified_gmt":"2024-10-24T21:36:33","slug":"india-allots-119m-in-funds-for-space-startups","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/india-allots-119m-in-funds-for-space-startups","title":{"rendered":"India allots $119M in funds for space startups"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mauritius. <\/strong><\/span>Indian Prime Minister Narendra Modi said Thursday that the country is setting up a $119 million fund dedicated to the development of the space sector.<\/p>\n<p>The decision to establish a venture capital fund dedicated to the space sector will have a &#8220;phenomenal impact on the youth,&#8221; he wrote on X.<\/p>\n<p>A statement by the government said the proposed fund is expected to boost employment in the space sector and will help businesses scale, invest in research and development, and expand the sector\u2019s workforce.<\/p>\n<p>It said the deployment period of the proposed fund is \u201cplanned to be up to five years from the actual date of start of the fund operations.\u201d<\/p>\n<p>India recently achieved some feats in the space sector by becoming the first country to land on the lunar south pole last year, and it also conducted several space missions.<\/p>\n<p>The size of India\u2019s space economy is estimated at around $8.4 billion.<\/p>\n<p>Global estimates indicate the sector is projected to grow at 6% to 8 % in the coming years.<\/p>\n<p>For nearly six decades, India&#8217;s space program has seen the country evolve from a nation relying on foreign launch vehicles to becoming fully self-reliant with its indigenous launch capabilities, according to the government.\u200b\u200b\u200b\u200b\u200b\u200b\u200b<\/p>\n<p><strong>For More News And Analysis About Mauritius Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mauritius. Indian Prime Minister Narendra Modi said Thursday that the country is setting up a $119 million fund dedicated to the development of the space sector. The decision to establish a venture capital fund dedicated to the space sector will have a &#8220;phenomenal impact on the youth,&#8221; he wrote on X. A statement [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":47165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[364,241,3129],"class_list":["post-47166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-india","tag-mauritius","tag-space"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>India allots $119M in funds for space startups - Mauritius<\/title>\n<meta name=\"description\" content=\"Indian Prime Minister Narendra Modi said Thursday that the country is setting up a $119 million fund dedicated to the de ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/india-allots-119m-in-funds-for-space-startups\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India allots $119M in funds for space startups\" \/>\n<meta property=\"og:description\" content=\"Indian Prime Minister Narendra Modi said Thursday that the country is setting up a $119 million fund dedicated to the de ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/india-allots-119m-in-funds-for-space-startups\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-24T20:57:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-24T21:36:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/10\/sm_1729792924.061063.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/india-allots-119m-in-funds-for-space-startups#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/india-allots-119m-in-funds-for-space-startups\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"India allots $119M in funds for space startups\",\"datePublished\":\"2024-10-24T20:57:27+00:00\",\"dateModified\":\"2024-10-24T21:36:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/india-allots-119m-in-funds-for-space-startups\"},\"wordCount\":221,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/india-allots-119m-in-funds-for-space-startups#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/10\/sm_1729792924.061063.jpg\",\"keywords\":[\"India\",\"Mauritius\",\"space\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/india-allots-119m-in-funds-for-space-startups#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/india-allots-119m-in-funds-for-space-startups\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/india-allots-119m-in-funds-for-space-startups\",\"name\":\"India allots $119M in funds for space startups - 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