TDB signs agreement with Agnikul Cosmos for ₹200 crore
Headline by Prism · from 1 report
The Technology Development Board has signed an agreement to provide ₹200 crore in funding to Agnikul Cosmos for space launch vehicle development.
The Hindu BusinessLineThe brief
Written by software from the 1 report below.
- The Technology Development Board signed an agreement to provide ₹200 crore to Agnikul Cosmos through the Research Development and Innovation Fund.
- This funding will support the development of a reusable launch vehicle designed to increase launch frequency while reducing costs and space debris.
- The Research Development and Innovation scheme aims to support high-risk and high-impact projects within the Indian innovation ecosystem.
- The investment signifies a strategic effort to advance indigenous space technology capabilities.
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Rajesh Kumar Pathak
Secretary, TDB
1 quote · 1 outlet
“The next phase of India’s space journey will require technologies that not only reach orbit but can do so with greater frequency, flexibility and efficiency. Reusability is an important technology frontier in this regard. Through the RDI Fund, TDB is supporting the development of ambitious indigenous technologies that require sustained investment to progress from advanced technology stages towards deployment.”
In the article
…capital support for “high-risk, high-impact projects” and strengthening India’s innovation ecosystem. TDB has been designated as a Second-Level Fund Manager under the scheme. Rajesh Kumar Pathak, Secretary, TDB, said, “ The next phase of India’s space journey will require technologies that not only reach orbit but can do so with greater frequency, flexibility and efficiency. Reusability is an important technology frontier in this regard. Through the RDI Fund, TDB is supporting the development of ambitious indigenous technologies that require sustained investment to progress from advanced technology stages towards deployment. ” Published on September 26, 2026…
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NamedIndia · Agnikul Cosmos · Department of Science & Technology · Technology Development Board
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