100% FDI in space

• Union Cabinet approved for amendments to the existing Foreign Direct Investment (FDI) policy on space sector.
• Under the amended FDI policy, 100% FDI is allowed in space sector.
• Now, the satellite sub-sector has been divided into three different activities with defined limits for FDI in each such sector.

DETAILS

• The amended policy extends the facility of up to 74% FDI under the automatic route for satellite manufacturing and operation, satellite data products and ground/user segment.
  • Beyond 74%, these activities are under government route.
• Up to 49% FDI under the automatic route will be allowed for launch vehicles and associated systems or subsystems, and creation of spaceports for launching and receiving spacecraft.
  • Beyond 49%, these activities will be under government route.
• Up to 100% FDI under the automatic route would be permitted for manufacturing of components and systems/sub-systems for satellites, ground segment and user segment.