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India spurs space sector investment with raised limits on foreign funding | TechCrunch

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India spurs space sector investment with raised limits on foreign funding | TechCrunch

The Indian government has updated its foreign direct investment (FDI) policy in the space sector, allowing for increased overseas investment. The move aims to attract global investors and companies to participate in India's space industry. The new policy includes specific categories and thresholds for foreign ownership, with potential for up to 100% investment in certain areas. This development follows recent reforms and initiatives by India to open up its space sector to private players and increase international collaboration. The country's space economy is projected to reach $44 billion by 2033, and the updated FDI norms are expected to boost India's presence in the global space economy.

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