• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Nation

Cabinet Gives Go-Ahead For Up To 100% FDI In Space Sector

OMMCOM NEWS by OMMCOM NEWS
February 22, 2024
in Nation

New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the amendment in the Foreign Direct Investment (FDI) policy for the space sector to allow up to 100 per cent FDI in the space sector.

The satellites sub-sector has been divided into three different activities — Launch Vehicles, Satellites and Satellite Components.

Under the amended policy, up to 49 per cent FDI is allowed in launch vehicles, 74 per cent in satellites, and 100 per cent in satellite components.

The activities defined under ‘Launch Vehicles’ are associated systems or subsystems; and creation of spaceports for launching and receiving spacecraft.

Similarly, the activities under ‘Satellites’ are manufacturing and operation; satellite data products; and ground segment and user segment.

As per the existing policy, FDI is permitted in establishment and operation of satellites through the government approval route only. In line with the vision and strategy under the Indian Space Policy 2023, the Cabinet has eased the FDI policy on the space sector by prescribing liberalized FDI thresholds for various sub-sectors/activities, according to an official statement issued after the Cabinet meeting.

According to the statement, the liberalized entry routes under the amended policy are aimed at attracting potential investors to invest in Indian companies in space.

The increased private sector participation would help to generate employment, enable modern technology absorption and make the sector self-reliant. It is expected to integrate Indian companies into global value chains, the statement noted.

“With this, companies will be able to set up their manufacturing facilities within the country duly encouraging ‘Make In India (MII)’ and ‘Atmanirbhar Bharat’ initiatives of the government,” it added.

(IANS)

Tags: Cabinet
ShareTweetSendSharePinShareSend
Previous Post

Manipur’s Sugnu Village Battered In Constant Bombardment, Casualties Up In Past 7 Days

Next Post

Defence Minister Rajnath Singh To Visit Odisha Today

Related Posts

Nation

Three YouTubers Arrested In Assam For Killing Rare Birds, Sharing Videos Online

June 5, 2025
Nation

Domestic Production Of Fertilisers Maintained At Optimum Level: Govt

June 5, 2025
Nation

Muzaffarpur Dalit Girl Rape Case: Accused Mukesh Kumar Rai Surrenders After ‘Bulldozer Action’

June 5, 2025
Nation

Flood Situation Improves In Assam And Other NE States; Death Toll Rises To 48

June 5, 2025
Nation

TN Woman Among Victims Of Stampede At IPL Victory Event In Bengaluru

June 5, 2025
Nation

Priyanka Gandhi, CM Vijayan To Soon Head To Nilambur To Campaign

June 5, 2025
Next Post

Defence Minister Rajnath Singh To Visit Odisha Today

Donkey

Cabinet Gives Nod For Expansion Of National Livestock Mission To Boost Rural Incomes

Cabinet Extends Rs 4,100 Cr Central Scheme For 5 Years To Help States Check Floods

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.