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Wire · operational-macro

Government Backs Indian Space-Tech Firm's Green Propulsion System With ₹116 Crore

26 October 2026 · By · Wire by Fusion42

Published

26 October 2026

Topic

operational-macro

◆ Sectors

Government & Space

◆ Geography

India

◆ Source

Read at policyedge.in →

◆ Verified

Fusion42 · 26 October 2026 · Fusion42 review

India's Technology Development Board is providing ₹116 crore in optionally convertible debt to Manastu Space to advance its hydrogen peroxide-based green propulsion system from Technology Readiness Level 6 to 9, aiming for wider applicability in satellite and launch vehicle propulsion.

This Wire brief sits within Fusion42's coverage of Government & Space.

◆ ◆ The Wire takeaway

Indian space-tech founders now see public debt financing as a route to scale deep-tech products beyond demos. You can plan for a cooperation window to access government funds that target late-stage development and integration.

◆ Coverage

1 source · 26 Oct 2026

◆ Related on Wire

◆ Topics

Government & Spaceindiaspace-techgreen-propulsiondeep-techpublic-financing