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Fdi In Space Sector: “Under the amended FDI policy, 100% FDI is allowed in space sector. The liberalized entry routes under the amended policy are aimed at attracting potential investors to invest in Indian companies in space,” the Centre said in a statement.
Space Companies: The Delhi-based group also said that a clarity on foreign direct investment (FDI) policy for the space sector, introducing production linked incentive (PLI) scheme for space-grade components and adopting space tech solutions across domains like agriculture and disaster management.
“We believe once the FDI policy is in place, funds will flow from Indian big companies once they become profitable. There will be financial incentives to private players to be able to operate and they will be able to get finances not only from the country, but from international sources too,” Bhatt said.
The writer is the former Director General of Military Operations. He was commissioned in the 4th battalion of 9 Gorkha Rifles in 1981. He is Director General of the Indian Space Association.