What’s in the news?

• Union Minister Dr Jitendra Singh said that India has witnessed investment of over Rs.1,000 crore in Space Startups in the last nine months of the current financial year from April to December 2023.
• India’s Space sector has been opened up for private players, as a result of which there is an overwhelming response from Industry as well as investors from the private sector. 
• From just one Startup in the Space sector four years back, we have almost 190 private Space Startups after opening up of the sector and the earlier ones of them have now turned entrepreneurs.
• Overall from just about 350 Startups in the year 2014, today we have about 1,30,000 Startups, besides Unicorns.
• In the Space sector, an interphase called “InSPACE” has been established and a public sector unit called “NSIL” also set up to facilitate PPP mode projects.

https://pib.gov.in/PressReleasePage.aspx?PRID=1987449