Space Sector

The government has allowed 100 per cent foreign direct investment (FDI) under the automatic route in the space sector. In addition, FDI up to 49 per cent under the automatic route is now permitted for launch vehicles and associated systems or sub-systems and creation of spaceports for launching and receiving spacecraft while beyond this limit government approval will be required. In this regard, a gazette notification has been issued on April 16, 2024.