India eases entry for foreign direct investment in space sector [Reuters]
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Source: Reuters
Below are some of the changes India made. Three categories India divided its space sector into three broad categories for the purpose of investments: companies that make rockets that launch satellites, those that make satellites and companies that make the parts for manufacturing satellites. Manufacturing of components for satellites It allowed 100% foreign investments through the so-called automatic route, which means no government approval is required for any investments in the category. This will lead to greater access to technology for critical communication systems such as transponders, antennas and power systems. Satellite manufacturing and operations India allowed 74% overseas investment without approval from the government in satellite manufacturing and its operations. This would open up easy entry for key players in the sector such as Elon Musk's SpaceX, Maxar, Viasat (VSAT.O) , opens new tab , Intelsat and Airbus (AIR.PA) , opens new tab . Experts said for comme
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