Pranav Roach News Today

Navigating Challenges and Seizing Opportunities in an Evolving Satellite Landscape

SINGAPORE, May 30, 2024 - (ACN Newswire) - As the satellite industry continues to evolve, challenges and opportunities abound. Industry leaders from the Asia-Pacific region and around the world gathered

Indian Satellite Companies: Foreign orbital resources, typically, are non-Indian orbital slots and associated frequencies for operating satellites in space. An orbital slot is a parking slot in space for a satellite to operate at a particular frequency and provide satcom services over a particular country/geography.

India has made a landmark decision to open up its satellite and space sector to private players by allowing...

Experts and industry executives said this will allow Indian players to tap surplus international satellite capacities to deliver satcom services at competitive rates in India.

On Monday, the cabinet amended the FDI rules for the space sector, allowing 74% FDI under the automatic route for satellite manufacturing/operations and satellite data products. It also allowed up to 49% FDI under the automatic route for satellite launch vehicles and up to 100% FDI under automatic route for manufacturing of satellite sector components and sub-systems.

Space Sector Startups: On Monday, the cabinet amended the FDI rules for the space sector, allowing 74% FDI under the automatic route for satellite manufacturing/operations and satellite data products. It also allowed up to 49% FDI under the automatic route for satellite launch vehicles and up to 100% FDI under automatic route for manufacturing of satellite sector components and sub-systems.