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The Hindu
The Hindu
National
The Hindu Bureau

Relaxed FDI norms for space sector likely to be in place soon

ISRO InSpace VSSC

The revised foreign direct investment (FDI) policy for the country’s space sector is expected to be in place soon, Rajeev Jyoti, Director (Technical Directorate), Indian National Space Promotion and Authorisation Centre (IN-SPACe), indicated on Thursday. He said that the policy is “in the final stages.”

Mr. Jyoti was speaking on ‘space policy and what the future holds’ at a workshop on space and entrepreneurship, organised by the Indian Space Research Organisation (ISRO) units, in Thiruvananthapuram as part of the World Space Week - 2023 (WSW 2023) celebrations.

In a short presentation on IN-SPACe activities, Mr. Jyoti noted that the FDI policy will be aligned with the Indian Space Policy which was released in April. It will enable investments across a wide spectrum of space-related activities such as satellite manufacturing and operations, satellite data products and value addition, and manufacturing of components and systems.

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