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FDI In Space Sector

Questions

  1. Whether the Government has a policy framework in place to streamline foreign direct investment (FDI) for space intensive activities?
  2. If so, the details thereof; if not, the reasons therefor; and
  3. The role of the Indian National Space Promotion and Authorization Centre (IN-SPACe) in channelising the FDI for space activities?

Answered by: Minister of State in the Ministry of Personnel, PG & PENSIONS and in the Prime Minister’s Office Dr. Jitendra Singh On April 06, 2023.

  1. Yes.
  2. Presently FDI in space sector is allowed upto 100% in the area of Satellites-Establishment and Operations through Government route only.
  3. 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 channelising FDI will evolve after approval of revised FDI policy by the Government.