India has become an observer on the Eurodrone program, the European Organization for Joint Armament Cooperation, which oversees the effort, said Jan. 21.
The decrease in funding for the subcontinent’s space startups appears to be part of a natural investment cycle rather than a sign of waning investor interest in the sector.
Indian regional carrier Star Air is planning an ambitious expansion program that will see its fleet grow from nine aircraft today to 25 by the end of 2027.
Airbus says India-assembled C295s will start rolling off the local production facility in 2026, as it disclosed the inauguration of the Vadodara FAL in Gujarat.
The Indian government has approved plans for a space investment fund, saying it has earmarked INR10 billion ($118 million) to the effort on a multiyear basis.
