A more open foreign direct investment (FDI) policy in India’s space sector is set to spur growth, encourage job creation, and stimulate innovation.
India has lofty ambitions in space exploration, including sending people into space and building an indigenous space station.
To achieve these goals, the government is planning to allow 100% FDI in the space sector.
Industry players believe foreign funding will help Indian companies compete globally.
However, there are concerns about foreign dominance, technology transfer, and national security, so proper regulatory frameworks and policies must be in place to safeguard national interests.
