In the 2024 Union Budget, Finance Minister Nirmala Sitharaman announced a ₹1,000 crore venture capital fund to boost the space economy. This initiative aims to grow India’s space sector by supporting startups and innovations through targeted investments. As a key venture capital company initiative, this fund positions India as a major player in space venture capital in India, attracting private and foreign investments to expand the industry fivefold by 2032.