100% FDI allowed in India's satellite component manufacturing, boosting private sector involvement in space sector.
India's government has eased FDI norms in the space sector, allowing 100% foreign direct investment in satellite component manufacturing. This move is expected to attract foreign players, startups, and boost demand for high-tech jobs in the sector. The amendment is seen as a significant step towards transforming India's space program and opening new business opportunities for the private sector.
May 05, 2024
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