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Space FDI to fuel nascent segment
Mint Mumbai
|February 23, 2024
Opening up FDI comes after the space policy for private sector was introduced in April last year
India’s decision to allow up to 100% foreign direct investment (FDI) in space companies will help the industry in the long run, even though it may not offer an immediate boost, industry veterans and stakeholders said. Late on 21 February, the Union cabinet approved a new FDI policy for the space sector, which will allow FDI ranging from 49-100% in different areas.
This story is from the February 23, 2024 edition of Mint Mumbai.
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