Space Cowboys: How India plans to conquer the final frontier bignewsnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bignewsnetwork.com Daily Mail and Mail on Sunday newspapers.
IISc-incubated space tech startup SpaceFields has raised $800k seed funding. The startup designs and manufactures solid rocket propulsion systems for aerospace, defence, and space applications. They have filed six patents and unveiled India’s first aerospike rocket engine. The funding will be used for developing and testing critical hardware and subsystems, research and development in energetic materials, and expanding the team.
IISc-incubated spacetech firm SpaceFields raises ₹6.5 cr in seed round thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
On Monday, the cabinet amended the FDI rules for the space sector, allowing 74% FDI under the automatic route for satellite manufacturing/operations and satellite data products. It also allowed up to 49% FDI under the automatic route for satellite launch vehicles and up to 100% FDI under automatic route for manufacturing of satellite sector components and sub-systems.
Space Sector Startups: On Monday, the cabinet amended the FDI rules for the space sector, allowing 74% FDI under the automatic route for satellite manufacturing/operations and satellite data products. It also allowed up to 49% FDI under the automatic route for satellite launch vehicles and up to 100% FDI under automatic route for manufacturing of satellite sector components and sub-systems.