Key Points
The government has notified amendments to the foreign direct investment policy in the space sector to attract offshore investors in satellite manufacturing and satellite launch vehicles segments...
Amendment made in the FDI policy for the space sector through a gazette notification dated April 16, 2024, prescribes liberalised entry route and provides clarity for FDI in satellites, launch vehicles and associated systems or subsystems, creation of spaceports for launching and receiving Spacecraft and manufacturing of space-related components and systems...
As per the notification, up to 74 per cent FDI for satellite manufacturing and operation, satellite data products and ground segment & user segment are allowed under automatic route..
Up to 74% FDI for satellite manufacturing and operation, satellite data products and ground segment allowed under automatic route FDI up to 49% permitted for launch vehicles, creation of spaceports for launching and receiving spacecraft under automatic route Besides, 100% FDI allowed for manufacturing of components and systems for satellites without government nod.
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Start-ups welcome govt move to liberalise FDI rules for space sector — 'long-pending reform'
22, Feb, 24100% FDI will now be allowed in manufacturing of satellite components without need for govt approval. Up to 49% will be allowed automatically in launch vehicles and spaceports.
Space companies shoot for the moon as govt eases FDI rules
23, Feb, 24On Monday, the cabinet amended the FDI rules for the space sector, allowing 74% FDI under the automatic route for satellite manufacturing/operations and satellite data products. It also allowed up to 49% FDI under the automatic route for satellite launch vehicles and up to 100% FDI under automatic route for manufacturing of satellite sector components and sub-systems.