The Centre has approved an amendment in the Foreign Direct Investment, FDI policy, allowing 100% foreign investment in the space sector.
The liberalized entry routes under the amended policy are aimed to attract potential investors to invest in Indian companies in space.
FDI up to 100% under the Automatic route will be allowed for the manufacturing of components and systems or sub-systems for satellites, ground segments, and user segments.
Q: What recent change has been approved by the Centre regarding Foreign Direct Investment (FDI) in space sector?
a) Increased restrictions on FDI in space sector
b) 100% foreign investment allowed in the space sector
c) Limiting FDI to 50% in space sector
d) Complete ban on foreign investment space sector
Answer: b) 100% foreign investment allowed in the space sector
