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FDI: Skyroot chief seeks 74% FDI in space launch vehicle companies

“A bare minimum of 49% FDI is what we are looking at. If it can be increased to 74%, it would be an ideal scenario so that we can grow at par with global standards where we get equal access to capital compared to global companies,” Pawan Kumar Chandana told ET.

FDI: Space is capital intensive sector, enabling FDI norms can be transformational: Skyroot CEO

“A bare minimum of 49% FDI is what we are looking at. If it can be increased to 74%, it would be an ideal scenario so that we can grow at par with global standards where we get equal access to capital compared to global companies,” Pawan Kumar Chandana told ET.

Vikram I: All about Skyroot Aerospace s 7-storey high orbital space launch vehicle

From tiny outhouse to the Moon: How this Rocket Boy put India on the space map

The Chandrayaan-3 lander, named Vikram after the father of India s space program, will land on the Moon today. This milestone reflects India s space journey, which began in a small outhouse in Ahmedabad. Sarabhai s vision of using space science and technology for the benefit of the common man has guided India s space program. He also contributed to various institutions and businesses in India.

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