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Investments: Indian Space Startups secure over Rs.1,000cr commitments

Fiinews by Fiinews
December 19, 2023
in Investment
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Dr Jintendra Singh - Zee News Interview on Space Startups.

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Startup community has grown to 130,000, says Dr Jitendra Singh

India has witnessed over Rs.1,000 crore investment in Space Startups in last nine months, from April to December 2023, says Minister of State for Science & Technology and Space, Dr Jitendra Singh.

As India’s Space sector has been opened up for private players, there is an overwhelming response from Industry as well as investors from private sector, he said in an interview with the Zee TV National Conclave in New Delhi on 17 Dec 2023.

The interview was shared by Ministry of Science & Technology through Public Information Bureau.

“From just one Startup in the Space sector four years back, we have almost 190 private Space Startups after opening up of the sector and the earlier ones of them have now turned entrepreneurs,” he said.

Today, the startup community has grown to about 130,000 Startups from about 350 in 2014. “This has created the opportunity for entrepreneurship.” Fiinews.com

Tags: Ministry of Science and Technology
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