In a bid to enhance its position in the global space market, India has announced significant easing of regulations regarding foreign direct investment (FDI) in the space sector. According to a government statement, India will now permit 100% FDI in the manufacturing of satellite systems without the need for official approval. Additionally, rules for investment […] - Newsx
Space-related stocks surged up to 7% in early trade after the Union Cabinet approved amendments in the FDI policy for the space sector, allowing 100% FDI. This move aims to attract overseas players and private companies. MTAR Technologies saw a 7% surge in intraday trade.