New FDI Limit in India's Space Sector Ahead of Elon Musk's Visit

Ahead of Elon Musk's visit to India, Centre notifies new FDI limit in space sector.

Notification issued under Foreign Exchange Management (Non-Debt Instruments) Rules.

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New rules effective from April 16, 2024.

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Government approved FDI policy amendment for space sector in February.

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Musk to meet PM Modi, announce Starlink launch and investments in India.

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Starlink has applied for permit to start satcom services in India.

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100% FDI under automatic route for satellite components and systems manufacturing.

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49% FDI under automatic route for launch vehicles and spaceports.

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Previously, FDI in sector permitted only through government approval route.

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Investee entity subject to sectoral guidelines as issued by Department of Space.

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Ahead of Elon Musk's visit to India, Centre notifies new FDI limit in space sector.

Market-News24.com

Notification issued under Foreign Exchange Management (Non-Debt Instruments) Rules.

Market-News24.com

New rules effective from April 16, 2024.

Market-News24.com

Government approved FDI policy amendment for space sector in February.

Market-News24.com

Musk to meet PM Modi, announce Starlink launch and investments in India.

Market-News24.com

Starlink has applied for permit to start satcom services in India.

Market-News24.com

100% FDI under automatic route for satellite components and systems manufacturing.

Market-News24.com

49% FDI under automatic route for launch vehicles and spaceports.

Market-News24.com

Previously, FDI in sector permitted only through government approval route.

Market-News24.com

Investee entity subject to sectoral guidelines as issued by Department of Space.

Market-News24.com