India updated its FDI policy to allow up to 100% foreign investment in sub-sectors like satellite components, satellite manufacturing, and operation to boost its space industry.
India has updated its FDI policy to attract global investors and companies in the space sector, allowing up to 100% foreign investment in sub-sectors such as satellite components, satellite manufacturing, and operation. The decision aims to boost India's space industry and increase participation from private and public actors. The satellite sub-sector has been divided into three different activities, each with defined limits for foreign investment. The amended policy allows up to 49% FDI in launch vehicles, 74% in satellites, and 100% in satellite components, promoting growth of investment, income, and employment in the country.
February 21, 2024
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