<p>India has launched 353 foreign satellites since 2014, earning the country foreign exchange, Union Minister Jitendra Singh said on Wednesday.</p>.<p>He said India earned 187 million euros from European countries and 39 million dollars from the US by launching satellites since the Modi government came to power in 2014.</p>.<p>Earlier, in reply to a question in Lok Sabha, Singh said in order to promote and encourage public-private-participation projects and start-ups, a central PSU called "NewSpace India Limited (NSIL)" has been established.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/national/south/india-seeks-better-sco-nation-ties-to-prevent-epidemics-1188431.html" target="_blank">India seeks better SCO nation ties to prevent epidemics</a></strong></p>.<p>He said a single-window nodal agency "Indian National Space Promotion and Authorization Centre (IN-SPACe)" has been established to promote non-government entities and to create an ecosystem for private companies in the space sector. </p>.<p>Singh said 135 applications have been received by IN-SPACe from non-governmental entities and start-ups in the space sector. </p>.<p>Responding to a question on start-ups in the sector, Singh said a new seed fund scheme has been approved by the IN-SPACe Board to provide initial financial assistance to Indian space start-ups.</p>.<p>Singh said a revised FDI policy in the space sector to facilitate overseas investment in non-government enterprises and a national space policy are in the process of final approval.</p>
<p>India has launched 353 foreign satellites since 2014, earning the country foreign exchange, Union Minister Jitendra Singh said on Wednesday.</p>.<p>He said India earned 187 million euros from European countries and 39 million dollars from the US by launching satellites since the Modi government came to power in 2014.</p>.<p>Earlier, in reply to a question in Lok Sabha, Singh said in order to promote and encourage public-private-participation projects and start-ups, a central PSU called "NewSpace India Limited (NSIL)" has been established.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/national/south/india-seeks-better-sco-nation-ties-to-prevent-epidemics-1188431.html" target="_blank">India seeks better SCO nation ties to prevent epidemics</a></strong></p>.<p>He said a single-window nodal agency "Indian National Space Promotion and Authorization Centre (IN-SPACe)" has been established to promote non-government entities and to create an ecosystem for private companies in the space sector. </p>.<p>Singh said 135 applications have been received by IN-SPACe from non-governmental entities and start-ups in the space sector. </p>.<p>Responding to a question on start-ups in the sector, Singh said a new seed fund scheme has been approved by the IN-SPACe Board to provide initial financial assistance to Indian space start-ups.</p>.<p>Singh said a revised FDI policy in the space sector to facilitate overseas investment in non-government enterprises and a national space policy are in the process of final approval.</p>