The ISRO chief further said that India has the potential to become an excellent hub for satellite manufacturing and could significantly expand its presence in the business. "Technology development and progress in space science are all fine, but business is important. It has to bring money," he noted.
/PRNewswire/ The "Growth Opportunities for the Low Earth Orbit Satellite Manufacturing Ecosystem" report has been added to ResearchAndMarkets.com s offering..
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Space FDI: "We expect the new FDI policy for the space sector to be approved soon. For different space activities, foreign investment of 49% or 74% is likely to be permitted via the automatic route, and in most situations up to 100% through the government route will be permitted." Pawan Goenka, chairman, space industry regulator Indian National Space Promotion and Authorisation Centre (IN-SPACe), told ET.