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Indian Gov't May Relax Foreign Investment Norms for Space Sector
Indian Gov't May Relax Foreign Investment Norms for Space Sector
Sputnik India
The Indian government hinted that it may liberalise Foreign Direct Investment (FDI) norms for the space sector.
2023-10-06T22:06+0530
2023-10-06T22:06+0530
2023-10-07T10:51+0530
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In an attempt to welcome private investment in the space industry, the Indian government hinted that it may liberalise foreign direct investment (FDI) norms for the space sector.Another senior official on Thursday, Rajeev Jyoti, director (Technical Directorate), Indian National Space Promotion and Authorisation Centre (IN-SPACe), said that the policy is “in the final stages”.Jyoti, in his speech, said that the FDI policy would be aligned with the Indian Space Policy, which was released in April 2023.
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investment in space industry, foreign direct investment, fdi, department for promotion of industry and internal trade, dpiit, rajesh kumar singh, rajeev jyoti, director, technical directorate, indian national space promotion and authorisation centre, in-space,
investment in space industry, foreign direct investment, fdi, department for promotion of industry and internal trade, dpiit, rajesh kumar singh, rajeev jyoti, director, technical directorate, indian national space promotion and authorisation centre, in-space,
Indian Gov't May Relax Foreign Investment Norms for Space Sector
22:06 06.10.2023 (Updated: 10:51 07.10.2023) Deexa Khanduri
Sputnik correspondent
In April, federal minister Jitendra Singh informed parliament that foreign direct investment (FDI) in the space sector is up to 100% in the area of satellite-establishment and operations, but only through the government route.
In an attempt to welcome private investment in the space industry, the Indian government hinted that it may liberalise foreign direct investment (FDI) norms for the space sector.
Addressing a road show, Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh on Friday said: "We've tried to maintain an almost Open Sky policy for almost all sectors of the economy. Though that liberalisation will continue and we may expand it further to even some of our sectors like Space as well”.
Another senior official on Thursday, Rajeev Jyoti, director (Technical Directorate), Indian National Space Promotion and Authorisation Centre (IN-SPACe), said that the policy is “in the final stages”.
Jyoti, in his speech, said that the FDI policy would be aligned with the Indian Space Policy, which was released in April 2023.
“It will enable investments across a wide spectrum of space-related activities such as satellite manufacturing and operations, satellite
data products and value addition, and manufacturing of components and systems”, Jyoti said.
