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.

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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.