Chennai, March 16 -- The Tamil Nadu government has bought an equity stake in private space company AgniKul Cosmos, marking a step in supporting deep-tech innovation and the growing space ecosystem in the state.

In an official statement, the company said it was honoured to receive the investment from the Tamil Nadu State Government through the Tamil Nadu Industrial Development Corporation (TIDCO).

"Humbled and honoured to have received an equity investment from the TN State Govt. through @TIDCO_1965. This is a strong sign that the TN state Govt. is fully on-board for supporting original technology developed in this ecosystem," the company said.

The firm also thanked the state leadership for backing the deep-tech sector.

"Thanks to the ...