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ARTICLE · 12 APRIL 2024

Space Sector And FDI In India

S.S. Rana & Co.
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In the last decade India has become a forerunner in not only cost efficient and innovative space faring endeavors...

IndiaGovernment, Public Sector
Rupin Chopra
Rupin Chopra
Shantam Sharma
Shantam Sharma
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In the last decade India has become a forerunner in not only cost efficient and innovative space faring endeavors, but has also provided a fitting regulatory environment for growing of space tech startups like Astrogate Labs, Bellatrix Aerospace etc. Now to boost India's space tech story into the stratosphere, the government on February 21, 2024 liberalized the FDI policy for the space sector. This article delves into India's current space sector, examining the recent FDI policy amendment, its necessity and impact on the industry and what the future holds for Indian Space Sector.

FDI Amendment: 100% FDI in the Space sector

The FDI policy amendment marks a pivotal shift in India's approach to the space sector, dividing the satellite sub-sector into distinct activities with defined limits for foreign investment.1 Earlier investment in the Space sector was only possible through the government - approved route. With the introduction of the new FDI policy, it

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