FDI policy reform to enhance Ease of Doing Business in country

The Union Cabinet has approved the amendment in Foreign Direct Investment (FDI) policy on the space sector.  Now, the satellite sub-sector has been divided into three different activities with defined limits for foreign investment in each such sector. The said policy aims to augment space capabilities; develop a flourishing commercial presence in space; use space as a driver of technology development and derived benefits in allied areas; pursue international relations and create an ecosystem for effective implementation of space applications among all stakeholders. The proposed reforms seek to liberalise the FDI policy provisions in space sector by prescribing a liberalised entry route and providing clarity for FDI in Satellites,  Launch Vehicles and associated systems or subsystems, Creation of Spaceports for launching and receiving Spacecraft and manufacturing of space related components and systems.