Ahead of Elon Musk's visit, Centre notifies liberalised FDI norms for space sector to boost foreign investment
The Indian government has amended its foreign direct investment policy in the space sector to attract offshore investors in satellite manufacturing and satellite launch vehicle segments. The new rules, known as the Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2024, provide a liberalized entry route for FDI in satellites, launch vehicles, spaceports, and manufacturing space-related components and systems.