Home Department of space Union Minister Dr Jitendra Singh says, presently FDI in space sector is...

Union Minister Dr Jitendra Singh says, presently FDI in space sector is allowed up to 100% in the area of Satellites-Establishment and Operations through Government route only

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06 APR Delhi: Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh said, presently FDI in space sector is allowed up to 100% in the area of Satellites-Establishment and Operations through Government route only.In a statement laid on the table of the Rajya Sabha, Dr Jitendra Singh said, Indian National Space Promotion and Authorization Centre (IN-SPACe) being the regulatory and promotional body for space activities was involved in revision of FDI policy which is presently under consideration of the Government.The specific role of IN-SPACe for channelizing FDI will evolve after approval of revised FDI policy by the Government.

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