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Among 95 per cent of surveyed space organisations facing skills challenges, 37 per cent lack software and data analysis experts and 21 per cent specifically require AI and machine learning skills
The Indian government is considering further relaxing foreign direct investment (FDI) rules in the space sector to attract foreign players, according to a senior official. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), Rajesh Kumar Singh, highlighted the potential for collaboration with Saudi Arabian companies in sectors such as aviation, pharma, renewable energy, and food processing. He also mentioned the scope for investment in the space sector, particularly in areas such as artificial intelligence, robotics, and cyber security.
DPIIT: Presently FDI in space sector is allowed up to 100 per cent in the area of satellites establishment and operations through government route only.
India is hosting the G20 summit on September 9-10 at the national capital and New Delhi has invited Mauritius as a ‘Guest Country’ to attend the summit.
G20 Summit 2023: Leaders from several powerful nations will flock to New Delhi for the G20 Summit to be held this weekend on September 9-10. India’s presidency of the G20 forum is hugely important as it comes at an inflection point, when a confident India Inc. is looking to flex its muscles globally. Watch this Business Today Visual Story to know what this presidency means for key sectors of India's economy.