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Berlin, Germany (SPX) Mar 26, 2024 - In a significant advancement for earth observation, the European Space Agency (ESA) has teamed up with OHB Italia SpA for the Genesis mission, a pioneering project aimed at measuring the Earth's sur
The amendment is a part of the Indian Space Policy 2023. It is a comprehensive and dynamic framework designed to unlock India's potential in the space sector through enhanced private participation.
The Union Cabinet chaired by Prime Minister Narendra Modi approved the amendment in Foreign Direct Investment (FDI) policy on space sector. Now, the satellites sub-sector has been divided into three different activities with defined limits for foreign investment in each such sector. The Indian Space Policy 2023 was notified as an overarching, composite and dynamic…
“Under the amended FDI policy, 100% FDI is allowed in space sector,” a press release said.
The amended FDI policy for the space sector seeks to attract investments in Indian companies in the sector and enhance ease of doing business