India set to relax FDI norms in space sector in bid to give a boost to satcom
"We expect the new FDI policy for the space sector to be approved soon. For different space activities, foreign investment of 49% or 74% is likely to be permitted via the automatic route, and in most situations up to 100% through the government route will be permitted." Pawan Goenka, chairman, space industry regulator Indian National Space Promotion and Authorisation Centre (IN-SPACe), told ET.
"We expect the new FDI policy for the space sector to be approved soon. For different space activities, foreign investment of 49% or 74% is likely to be permitted via the automatic route, and in most situations up to 100% through the government route will be permitted." Pawan Goenka, chairman, space industry regulator Indian National Space Promotion and Authorisation Centre (IN-SPACe), told ET.
