Govt eases FDI norms in space sector to attract int'l investment

In order to lure foreign players and private firms to the space sector, the government has loosened Foreign Direct Investment (FDI) regulations. The decision was made at a Cabinet meeting chaired by Prime Minister Narendra Modi. The satellite sub-sector has now been divided into three activities, each with its own limits for foreign investment, as per the official statement.

from Times of India https://ift.tt/xBW6QEv
https://ift.tt/dibqr5Q In order to lure foreign players and private firms to the space sector, the government has loosened Foreign Direct Investment (FDI) regulations. The decision was made at a Cabinet meeting chaired by Prime Minister Narendra Modi. The satellite sub-sector has now been divided into three activities, each with its own limits for foreign investment, as per the official statement.

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