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But the private sector hasn’t had the same level of success, with Indian startups trailing their counterparts in China. Eager to turn that around ahead of national elections expected in April and May, Modi’s cabinet last week approved rules designed to encourage foreign investment in rocket and satellite manufacturing.
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.
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