look news india
It has been decided to liberalize the space sector. According to industry sources, the Cabinet decision is likely to bring investment of $4 to 5 billion in the next 3 to 5 years in all sub-sectors of the Indian space industry such as satellite manufacturing, launch vehicles, ground segment solutions and related. Services. According to the companies, the move will allow other global giants including SpaceX, Virgin Galactic, Starlink, Amazon Blue Origin, Airbus Defense and Space, Rocketlab, Maxar Technologies and Eutelsat-OneWeb to enter and launch satellites. It may also open doors for the Indian market.
FDI policy approved
The Union Cabinet approved the policy of 100 per cent FDI in manufacturing of systems or sub-systems and components for satellites. Whereas 74 percent FDI has been allowed in satellite manufacturing and operation, satellite data products, ground segment and user segment. More than 74 percent of the investment in these activities is made by the government. Additionally, FDI under the automatic route has been capped at 49 per cent in development of launch vehicles and related systems and construction of spaceports for launching and receiving spacecraft.
billions will be invested
Indian Space Association said that if we talk about financial estimates, it is difficult to estimate the exact amount of investment. But the new FDI policy is expected to bring significant investment in the next 3 to 5 years. It is estimated that all sub-sectors of India's space industry such as satellite manufacturing, launch vehicles, ground segment solutions and related services can attract investments of $4 to 5 billion in the next 3 to 5 years.