?? Breaking News in the Space Sector: FDI Policy Amendments

On February 21, 2024, the Union Cabinet approved significant amendments to the FDI policy pertaining to the space sector. These amendments, notified on March 5, 2024, aim to boost foreign investment in the burgeoning space industry.

Key Highlights:

• Satellites: 100% foreign investment permitted for manufacturing, operation, satellite data products, and ground/user segment. Up to 74% allowed under automatic route, beyond which government approval is required.
• Launch Vehicles: Up to 49% FDI permitted under automatic route, with approval needed for stakes beyond. Creation of spaceports also falls under this category.
• Manufacturing of Components: 100% FDI allowed under automatic route, encouraging investment in satellite components and subsystems.

Expected Impact: These amendments are poised to attract foreign capital into the space sector, fostering innovation and growth. By clarifying investment limits for different activities, the amendments aim to propel advancements in satellite communications and related technologies.

Join the Space Revolution: With the space sector opening up to increased foreign investment, opportunities abound for collaboration and innovation. Let's embark on this exciting journey together!

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