India Approves 100% FDI in Space Sector
The Indian government’s recent policy to approve 100% Foreign Direct Investment (FDI) in the space sector marks a significant shift towards liberalizing the sector. Announced on February 21, 2024, the policy aims to bolster the Atmanirbhar Bharat vision by increasing investment, income, and employment. It categorizes investment opportunities in the space sector into three segments, allowing different levels of FDI under automatic and government routes. The policy, overseen by the Indian National Space Promotion and Authorization Centre (IN-SPACe), aims to transform the role of private players from mere vendors to collaborators in space activities. While the move promises economic benefits and global integration, it also raises concerns about potential market dominance by foreign companies and the need for balanced regulations to protect national interests.
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