Insider Brief
- India liberalizes its FDI policy in the space sector, enabling 100% investment in satellite manufacturing and easing rules for launch vehicles.
- The move is designed to boost India’s standing in the global space market, following its recent successful lunar landing.
- The policy change aims to attract major international players, create jobs, and promote local manufacturing, with the goal of increasing India’s share of the global launch market significantly by 2032.
India has liberalized its foreign direct investment (FDI) policy in the space sector, permitting 100% FDI in satellite manufacturing without prior approval and relaxing regulations for investments in launch vehicles.
This move, highlighted by India’s recent successful lunar landing near the moon’s south pole, aims to enhance the country’s position in the global space market.
The government anticipates this policy change will attract major players like SpaceX and Blue Origin, stimulate job creation, and encourage the establishment of manufacturing operations within India. Additionally, foreign investments up to 74% in satellite production and 49% in launch vehicles now bypass government approval. This strategy supports India’s goal to significantly increase its share of the anticipated $47.3 billion global launch market by 2032 from the current 2%.
“This will give India access to the latest tech advances and much-needed funds, not only from the country but from international investors too,” said A.K. Bhatt, director general of the Indian Space Association.
Featured image: Credit: OneWeb satellites ( Image Source : Twitter/@ISRO)
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