Question
What recent amendment has the government made to the
foreign direct investment (FDI) policy in the space sector?Solution
The government has made amendments to the foreign direct investment (FDI) policy in the space sector to attract offshore investors in satellite manufacturing and satellite launch vehicles segments. This amendment provides a liberalized entry route and clarity for FDI in satellites, launch vehicles, and associated systems or subsystems, as well as for the creation of spaceports and manufacturing of space-related components and systems.
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