Page 22 - Space Sector News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Indian government is considering further liberalising foreign direct investment (FDI) norms in the space sector to attract overseas players and private companies. Currently, FDI in the space sector is allowed up to 100% in satellite establishment and operations through the government route only. After the successful mission of Chandrayaan-3, three G-20 countries have expressed interest in collaborating with India in the space sector.

ISRO scientists are eagerly waiting for the Vikram lander and the Pragyan rover of Chandrayaan-3 to wake up from their 14-day sleep during the lunar night, Union Minister Jitendra Singh said in the Lok Sabha on Thursday. Chandrayaan 3 Mission Update: Eagerly Waiting for Vikram Lander, Pragyan Rover to Wake Up from Sleep on Moon, Says Govt.

"While the Indian government has started to provide tax impetus to the space sector, it needs to take more initiatives for tax exemptions/tax holidays/accelerated depreciation for companies directly or indirectly engaged in space sector activities, so that the benefits are available to the entire value chain and there is no embedded tax cost," the Deloitte India-CII report said.

Matthew C. Weinzierl is Professor of Business Administration, Senior Associate Dean and Chair of the MBA Program at Harvard Business School. Speaking to Srijana Mitra Das, he discusses factors shaping the space sector

Aeroflex Industries, whose metal hoses are used in utilities, refineries and fire fighting equipment, is in talks to enter the aerospace sector, a top company executive said, aiming to capitalise on India's burgeoning space program.