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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 has approved an amendment in the FDI policy for the space sector , allowing Foreign Direct...
The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the amendment to Foreign Direct Investment (FDI) policy on the Space sector.
The FDI policy reform will enhance Ease of Doing Business in the country, leading to greater FDI inflows and thereby contributing to growth of investment, income and employment, said the Cabinet note.
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 failed. The government said in a statement late on Wednesday that foreign companies could invest in th...