India, Sept. 25 -- The Government of India has issued a release:
India's journey towards building a new generation of indigenous and reusable space transportation systems has received a significant boost with the Technology Development Board (TDB), Department of Science & Technology (DST), Government of India, signing an agreement with M/s Agnikul Cosmos Private Limited, Chennai, Tamil Nadu for Rs.200 crore financial support under the Research Development and Innovation (RDI) Fund.
The project focuses on the development of a reusable launch vehicle - Agnibaan RLV, with the objective of taking the technology from TRL-4 and above to TRL-8. The financial support will be provided through Optionally Convertible Debentures (OCD). The project se...