TDB signs Rs 200-crore agreement with Agnikul to develop reusable launch vehicle

New Delhi, Sep 25 (UNI) The Technology Development Board (TDB) has signed an agreement with Chennai-based space startup Agnikul Cosmos Pvt Ltd for Rs 200 crore in financial support to develop a reusable launch vehicle, marking a push towards indigenous technologies for repeatable access to space. The support, being provided under the Research Development and Innovation (RDI) Fund of the Department of Science and Technology, will be in the form of optionally convertible debentures, officials said on Friday. The project aims to develop Agnikul's proposed Agnibaan RLV and take the technology from Technology Readiness Level (TRL)-4 and above to TRL-…