Govt notifies 100% FDI in space sector

• Complete 100% FDI under automatic route is permitted to manufacture components and systems/ sub-systems for satellites, ground segment and user segment.
• At present, satellite manufacturing and operation, satellite data products and ground and user segment can get a 74% FDI. Beyond this, government route will be applicable.
• Up to 49% FDI is allowed in the creation of spaceports for launching and receiving spacecraft through automatic routes. Beyond this, government route is applicable on these activities.
• Elon Musk expected to announce the launch of Star link and investments worth $2-$3 billion.

WHAT IS STARLINK ?

• Starlink has a constellation of 4,000 low earth orbit satellites. Starlink is a satellite internet constellation operated by Starlink Services, LLC, a wholly-owned subsidiary of American aerospace company SpaceX, providing coverage to over 70 countries.