Team Blitz India
NEW DELHI: The Asian Development Bank (ADB) is open to funding the space sector in India in addition to focusing on climate finance to mitigate the associated risks, said its Vice President Bhargav Dasgupta. ADB has done some projects in satellite in the Asia Pacific region, but has not provided any assistance in the Indian space sector.
“We have not done much till now. We are always open to look at new areas…we understand it has been opened up and there is lot of interest on startup side…if we find alignment with our objectives in terms of Sustainable Development Goals (SDGs), we will look at it,” he said.
Last month, the Government notified amendments to the foreign direct investment policy in the space sector to attract offshore investors in satellite manufacturing and satellite launch vehicles segments.
