Easing FDI norms will help increase India s share in global space economy – The Navhind Times navhindtimes.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from navhindtimes.in Daily Mail and Mail on Sunday newspapers.
India's decision to revise its Foreign Direct Investment (FDI) norms for the space sector is expected to bring in fresh foreign investments up to $25 billion over the next decade and result in a wave of collaborations between Indian and foreign .
India s private space industry has welcomed the easing of its Foreign Direct Investment (FDI) policy, describing it as a "pivotal move" to boost investments and increase the country s share in the global space economy. Industry leaders believe that the government s decision to permit 100% overseas investment in satellite component manufacturing and up to 49% FDI through the automatic route for launch vehicles and associated systems or subsystems has provided much-needed clarity for the sector.
Space Industry Embraces $25B Investment Boost ibcworldnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibcworldnews.com Daily Mail and Mail on Sunday newspapers.