Easing FDI norms will help increase India s share in global space economy – The Navhind Times navhindtimes.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from navhindtimes.in Daily Mail and Mail on Sunday newspapers.
India s private space industry has welcomed the easing of its Foreign Direct Investment (FDI) policy, describing it as a "pivotal move" to boost investments and increase the country s share in the global space economy. Industry leaders believe that the government s decision to permit 100% overseas investment in satellite component manufacturing and up to 49% FDI through the automatic route for launch vehicles and associated systems or subsystems has provided much-needed clarity for the sector.
Under the revised norms, up to 100 percent foreign investment is allowed for the manufacture of components and systems for satellites, and for ground and user segments, through the automatic route.
Easing of FDI norms: Space industry says it will pave way for growth, innovation dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
GalaxEye Space, Dhruva Space, and Pixxel, along with the Indian Space Association (ISpA), call on the Indian government to implement a digital public infrastructure (DPI) for earth observation-based geospatial analytics. They propose an initiative that provides open access to satellite data archives, ground station networks, and cloud computing resources, enabling space startups to build applications.