India Opens Space Sector to 100% Foreign Investment
The new policy aims to attract global capital, boosting the long-term growth of India's space industry.
- India has liberalized its foreign direct investment (FDI) policy in the space sector, allowing up to 100% FDI in various areas.
- The new FDI policy aims to attract global investors and boost the long-term growth of India's nascent space industry.
- Space startups in India, such as Skyroot Aerospace and Dhruva Space, are poised to benefit from increased access to global capital.
- The policy change follows India's recent space achievements, including a successful moon landing, and aims to increase India's share of the global space economy.
- Experts believe the liberalized FDI policy will help Indian space startups achieve global scale and sophistication in products.