India, April 2 -- Union Minister of State (Independent Charge) for Science and Technology, Earth Sciences, and Minister of State in the Prime Minister's Office and other departments, Jitendra Singh, has said that India's dedicated venture capital fund for the space sector is progressing, with investments in selected startups expected to begin in the first quarter of FY2027.

In a written reply to an Unstarred Question in the Lok Sabha during the ongoing Budget Session of Parliament, the minister stated that the "Antariksh Venture Capital Fund" has been operationalised, with key institutional mechanisms now in place.

The query, raised by Bastipati Nagaraju, sought details on the fund's status, investments, beneficiaries, returns and emplo...