On November 10, 2025, the Indian National Space Promotion and Authorisation Centre (IN- SPACe ), under Department of Space (DoS) , signed a contribution agreement with Small Industries Development Bank of India Venture Capital Limited (SVCL) , a wholly owned subsidiary of Small Industries Development Bank of India (SIDBI), in Ahmedabad, Gujarat.

The agreement aims to launch IN- SPACe -SIDBI Space Venture Fund , a Rs.1000-crore Venture Capital (VC) fund for India’s spacetech startups and enterprises.

About Contribution Agreement :

Signatories: The agreement was signed by Lochan Sehra, Joint Secretary, IN-SPACe, and Arup Kumar, Managing Director (MD) & Chief Executive Officer (CEO), SVCL.

Launch: The signing marks the formal beginning of the fund’s investment a

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