Union Cabinet approves amendment in FDI policy for space sector

The union cabinet has approved the amendment in the foreign direct investment (FDI) policy for the space sector. As per the amendment, the satellite sub sector has been divided into three different activities with defined limits for foreign investment in each such sector. Under the amended FDI policy, 100 per cent FDI is allowed in the space sector. The liberalised entry routes under the amended policy are aimed at attracting potential investors to invest in Indian companies in the space sector.