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BENGALURU: India will allow 100% foreign direct investment in the manufacture of satellite systems without official...

India has given the go ahead for 100% foreign direct investments in the space sector, paving way for Elon Musks SpaceX in the country.

In a bid to enhance its position in the global space market, India has announced significant easing of regulations regarding foreign direct investment (FDI) in the space sector. According to a government statement, India will now permit 100% FDI in the manufacturing of satellite systems without the need for official approval. Additionally, rules for investment […] - Newsx

Space-related stocks surged up to 7% in early trade after the Union Cabinet approved amendments in the FDI policy for the space sector, allowing 100% FDI. This move aims to attract overseas players and private companies. MTAR Technologies saw a 7% surge in intraday trade.

Yum Restaurants has sold its entire stake in Devyani International, which operates KFC and Pizza Hut, through an open market transaction on Wednesday.

The govt said in a statement that foreign companies could invest in the manufacture of components and systems or sub-systems for satellites up to 100 per cent without approval

In the new rule, Indian government has allowed 100 percent investment under the automatic route for activities that includes manufacturing of components, systems and sub-systems for satellites.

BENGALURU (Reuters) -India will allow 100% foreign direct investment in the manufacture of satellite systems without official approval and eased the rules for launch vehicles, a government statement said, aiming for a greater share of the global space market. India's space ambitions got a boost when it became the first country to land a spacecraft near the unexplored south pole of the moon in August - and the fourth to achieve a soft landing - just days after a similar Russian mission fai...

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