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The Union Cabinet on Wednesday approved the amendment to Foreign Direct Investment (FDI) policy on the space sector. With this move the satellites sub-sector has been divided into three different activities with defined limits for foreign investment in each such sector, India News, Times Now
Get latest articles and stories on World at LatestLY. The summit took place in Dubai from February 12 to 14 under the theme "Shaping Future Governments." This supports the Agency's vision to highlight the role of the space sector in shaping the future. World News | UAE Space Agency Organises 'Future of Space Forum' at World Governments Summit 2024.
Project Beroe will underpin government control of future satellite constellations, further enhancing the UK’s multi-domain integration efforts.
Government and private sectors are collaborating on space exploration and development
The ISRO Chairman said that in the past 60 years, the work of the space sector -- from making rockets to satellites -- was aimed at societal application, for delivering services that benefit the common man. As a result, the budget of the space programme was "very less" -- Rs 10,000 crore, he said during a session of the fifth edition of the MBIFL. Indian Space Sector To Be Turned Into Business Activity Instead of Government Programme, Says ISRO Chairman S Somanath.