India News: India's national space program is taking steps to boost space startups and close the gap with China. Prime Minister Narendra Modi announced the names of four Indian astronauts for the country's first crewed mission in 2025. The government is finalizing regulations to encourage foreign investment in rocket and satellite manufacturing. The new policy promises to simplify the approval process and provide clarity for local companies seeking to expand in the space industry. Indian space startups have raised $5.
While the Indian Space Research Organisation (ISRO) is one of the top national space agencies in the world, the private sector was slow to develop because the government allowed only a few vendors and manufacturers to participate.
Explained: How Modi Government Is Trying To Catch Up With China In Space Sector menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
India s Modi Tries to Boost Space Startups, Close Gap with China – Indian Defence Research Wing idrw.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from idrw.org Daily Mail and Mail on Sunday newspapers.
On Monday, the cabinet amended the FDI rules for the space sector, allowing 74% FDI under the automatic route for satellite manufacturing/operations and satellite data products. It also allowed up to 49% FDI under the automatic route for satellite launch vehicles and up to 100% FDI under automatic route for manufacturing of satellite sector components and sub-systems.