Private participation

The space sector has opportunities for India

Prime Minister Narendra Modi on Tuesday revealed the names of four astronauts who have been selected for the Gaganyaan mission. This came shortly after the Union Cabinet’s decision to approve 100 per cent foreign direct investment (FDI) in the space sector to enhance activity. The recent amendment to the FDI policy is in line with the vision and strategy outlined in the Indian Space Policy 2023. According to the recent decision, firms in satellite manufacturing and operation, satellite data products and ground segment, and user segment can get FDI up to 74 per cent under the automatic route. For the