Cabinet Approves Railway Projects & VC Fund for Space Startups

India’s Cabinet has approved major investments to boost infrastructure and innovation.

Railway Projects

Two railway projects worth ₹6,798 crore will improve connectivity in Bihar and Andhra Pradesh over the next five years:

Rail Line Doubling: Spanning 256 km, this upgrade connects the Narkatiaganj-Raxaul-Sitamarhi-Darbhanga and Sitamarhi-Muzaffarpur sections, facilitating movement to Nepal and Northeast India.

New Line to Amaravati: A 57 km line between Errupalem and Namburu will link Amaravati directly, benefiting industries and reducing logistics costs, oil imports, and carbon emissions.

To drive innovation, the Cabinet has approved a ₹1,000 crore venture fund for space startups, under IN-SPACe:

Investment Range: Early-stage financing from ₹5-10 crore, with growth funding up to ₹60 crore.

Focus Areas: Aimed at satellite tech, launch vehicles, and space applications to create jobs and expand India’s space economy from $8.4 billion to $44 billion by 2033.

These projects signal India’s commitment to stronger infrastructure and an expanding tech ecosystem.

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