Reuters
BENGALURU (Reuters) -Seven Indian privately-held startups have been chosen for a first-of-its-kind India-U.S. space and defence collaboration programme, potentially unlocking a lucrative and strategic market for Indian firms, an investor who co-launched the project told Reuters on Friday. Indian investor Indusbridge Ventures and U.S.-based FedTech, which established the programme in September 2024, selected seven Indian companies and talks are underway about specific projects. "This programme offers valuable resources, mentorship, and essential connections with industry leaders in the U.S. and we look forward to partnering with FedTech on this initiative to accelerate private-sector partnership between the two countries in strategic sectors – defence and dual-use technology," said Rahul Devjani, the managing partner at Indusbridge Ventures.