Lt. Gen. AK Bhatt (Retd.), Director General, Indian Space Association(IsPA), welcomes India’s policy on opening up the space sector for 100% foreign investment.
He says,” We are thankful to the Government, and it is heartening to note the pace of its forward-looking reforms in the nascent space sector. After the pioneering initiative to administratively allocate satellite spectrum, today’s decision to allow a liberal FDI policy for space is yet another significant move forward.”
“The liberal FDI limits by automatic route for end-to-end satellite manufacturing & operation, components and systems/ sub-systems for satellites, satellite data products and ground segment & user segment, launch vehicles, creation of spaceports will boost the confidence of all space industry members, including the biggest global players in the space and satellite domain”
“This will give India, access to the latest tech advances and much-needed funds not only from the country but from international investors too. At current, the space sector in India accounts for little over about two per cent of the global space economy and this move will help the country to gain a much larger pie in the global market.”
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