The new FDI rules will further boost the space sector

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New Delhi: India has decided to liberalize the space sector by revising its Foreign Direct Investment (FDI) policy. Sources in the industry say that the cabinet's decision is likely to result in an investment of $4 to 5 billion over the next 3 to 5 years in all sub-sectors of the Indian space industry such as satellite manufacturing, launch vehicles, ground segment solutions and related services.

According to companies working in the Indian space sector, the move will allow other global giants including SpaceX, Virgin Galactic, Starlink, Amazon Blue Origin, Airbus Defense and Space, RocketLab, Maxar Technologies and Utelsat-OneWeb to enter and launch satellites. It may also open doors to the Indian market.

The Union Cabinet approved a policy of 100 per cent FDI in manufacturing of systems or sub-systems and components for satellites. On the other hand, 74 per cent FDI has been allowed in satellite manufacturing and operation, satellite data products, ground segment and user segment. More than 74 percent investment in these activities is done by the government.

Along with this, the FDI limit under automatic route in development of launch vehicles and associated systems and construction of spaceports for launch and reception of spacecraft has been fixed at 49 per cent.

The Indian Space Association said that if we talk about financial estimates, it is difficult to estimate the exact amount of investment. But the new FDI policy is expected to bring significant investment in the next 3 to 5 years.

It is estimated that all sub-sectors of India's space industry such as satellite manufacturing, launch vehicles, ground segment solutions and related services can attract investments of $4 to 5 billion in the next 3 to 5 years.

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