The FDI policy reform will enhance Ease of Doing Business in the country, leading to greater FDI inflows and thereby contributing to growth of investment, income and employment, said the Cabinet note.
The decision was taken at the Cabinet meeting chaired by Prime Minister Narendra Modi. Now, the satellite sub-sector has been divided into three different activities with defined limits for foreign investment in each such sector, according to an official statement.
The Union Cabinet on Wednesday approved the amendment to Foreign Direct Investment (FDI) policy on the space sector. With this move the satellites sub-sector has been divided into three different activities with defined limits for foreign investment in each such sector, India News, Times Now