Union Cabinet Approves 100% Foreign Direct Investment for Satellite-Related Space Tech Activities
• The Union Cabinet has approved FDI up to 100% for satellite-related activities in the space tech industry.
• This policy shift aims to catalyze technology transfer from international entities, enhance India’s technological base, and enable easier access to capital for new and existing Indian space tech companies.
• Automatic FDI for satellite data products and satellite manufacturing and operations can receive up to 74%.
• Automatic FDI for spaceports and launch vehicles creation is capped at 49%.
• Manufacturing components and systems/sub-systems for satellites can receive FDI up to 100%.
• The influx of foreign expertise and investment is expected to create job opportunities, contribute to skill development, and stimulate the domestic economy.
• Other initiatives needed include access to grants and revenue, and contract mechanisms for early-stage startups.
source – The Times of India – https://lnkd.in/gz87TaMb
