Published: 9 November 2025Business StandardScience & Technology
IN-SPACe and SIDBI Sign Agreement for ₹1,000 Crore Space Venture Capital Fund
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) and SIDBI Venture Capital Ltd (SVCL) signed a contribution agreement on November 10, 2025, operationalising the ₹1,000 crore venture capital fund for India's space sector.
The Union Cabinet had approved the fund in October 2024, and SEBI gave final approval on October 31, 2025. The fund will deploy ₹150 crore in FY 2025-26, followed by ₹250 crore annually for three years and ₹100 crore in FY 2029-30. Investment targets include launch vehicles, satellites, payload systems, earth observation tools, and communication platforms. India's space economy is projected to reach $44 billion by 2033.
0Mains angle
Q: Discuss the significance of the IN-SPACe-SIDBI space venture capital fund for India's private space economy ambitions.
Answer (50 words):
On 10 November 2025, IN-SPACe and SIDBI Venture Capital Ltd signed a contribution agreement operationalising ₹1,000 crore space venture fund, following Cabinet approval in October 2024 and SEBI clearance on 31 October 2025. Investments target launch vehicles, satellites, payloads and earth observation; space economy projected at $44 billion by 2033.
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Practice MCQ from this story
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Linked questionEasy
Which of the following organisations signed a contribution agreement to operationalise the ₹1,000 crore venture capital fund for India's space sector?
Explanation · Correct answer BIN-SPACe and SIDBI Venture Capital Ltd (SVCL) signed the contribution agreement on November 10, 2025, to operationalise the ₹1,000 crore venture capital fund for India's space sector. The Union Cabinet had approved the fund in October 2024, with SEBI giving final approval on October 31, 2025.
Frequently asked questions
Who signed the contribution agreement for India's space-sector venture capital fund, and when?
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) and SIDBI Venture Capital Ltd (SVCL) signed the contribution agreement on November 10, 2025. The agreement operationalised the ₹1,000 crore venture capital fund for India's space sector.
Which approvals preceded the operationalisation of the space-sector fund?
The Union Cabinet approved the fund in October 2024, and SEBI gave final approval on October 31, 2025.
How is the ₹1,000 crore space fund scheduled to deploy money?
The fund will deploy ₹150 crore in FY 2025-26, followed by ₹250 crore annually for three years and ₹100 crore in FY 2029-30.
Which space-sector areas are investment targets under the fund?
Investment targets include launch vehicles, satellites, payload systems, earth observation tools, and communication platforms. India's space economy is projected to reach $44 billion by 2033.
