India's space sector is set for a boost as the Indian National Space Promotion and Authorization Centre (IN-SPACe) has established a Rs 1,000 crore fund aimed at supporting private companies in the space technology sector. Sidbi Venture Capital Limited has been appointed to manage this fund, which will distribute its capital over five years. The fund will begin with an allocation of Rs 150 crore in the 2025-26 fiscal year, followed by Rs 250 crore annually for the next three years. This initiative is part of a broader effort to encourage private participation in the space sector, allowing Non-Government Entities (NGEs) to engage in full space activities. Additionally, IN-SPACe has launched a Technology Adoption Fund (TAF) scheme to promote the commercialization of early-stage space technologies, aiming to make India self-sufficient in this growing industry.