The Indian space industry is optimistic following the Union Cabinet’s approval of a Rs 1,000 crore venture capital fund aimed at boosting the space sector. This initiative, aligned with the Union Budget, seeks to support 30-40 startups, facilitating the transition of innovative ideas into commercial ventures. Industry leaders, including Lt. Gen. AK Bhatt and Chaitanya Dora Surapureddy, emphasize the fund’s potential to enhance investment, foster innovation, and establish a competitive edge globally. The fund addresses funding challenges for startups, enabling them to scale, develop advanced technologies, and strengthen India’s position in the global space market.