To leverage international relations and create an ecosystem for effectively implementing space applications among all stakeholders, the Union Cabinet on February 21, 2024 announced measures in connection with the liberalization of foreign direct investment in Space Sector.
Previously, 100% foreign investment in satellite establishment and operations, was allowed only under the approval route. The amendments liberalize the entry routes and categorize the satellite sub-sector into three activities as stated below –
|
Activities |
Automatic Route |
Approval Route |
|---|---|---|
|
Satellites-Manufacturing & Operation, Satellite Data Products and Ground Segment & User Segment |
Upto 74% |
Beyond 74% |
|
Launch Vehicles and associated systems or subsystems, Creation of Spaceports for launching and receiving Spacecraft. |
Upto 49% |
Beyond 49% |
|
Manufacturing of components and systems/ sub-systems for satellites, ground segment, and user segment. |
Upto 100% |
N.A. |