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India News: India's national space program is taking steps to boost space startups and close the gap with China. Prime Minister Narendra Modi announced the names of four Indian astronauts for the country's first crewed mission in 2025. The government is finalizing regulations to encourage foreign investment in rocket and satellite manufacturing. The new policy promises to simplify the approval process and provide clarity for local companies seeking to expand in the space industry. Indian space startups have raised $5.

While the Indian Space Research Organisation (ISRO) is one of the top national space agencies in the world, the private sector was slow to develop because the government allowed only a few vendors and manufacturers to participate.

Late on 21 February, the Union cabinet approved a new FDI policy for the space sector, which will allow FDI ranging from 49-100% in different areas.

In the DST budget proposed earlier this month, a new item was introduced wherein Rs 60 crore has been proposed for the financial year 2024-25 “to grant incentive for the space sector". 

30 Space Missions Planned From India In Next 14 Months.