The US-India Strategic Partnership Forum congratulates the Government of India and the Department of Space for permitting 100% Foreign Direct Investment (FDI) in all three sectors of space manufacturing with 74% in automatic route for manufacturing of satellite, satellite data products, ground segment, and user segment. Automatic FDI up to 49% for launch vehicles and associated systems, and subsystems and 100% FDI in automatic route for manufacturing of components and system/subsystems for satellites, ground segment, and user segment.
This strategic decision signifies a positive step in the right direction, promising a substantial boost to manufacturing companies operating within the space sector. It is expected to unlock India’s potential in the space sector through enhanced private participation and mark a crucial milestone towards self-reliance and enhanced global visibility in India’s space endeavors. Furthermore, this will enhance U.S.-India collaboration in the space sector, both in the private and the public sector.
USISPF looks forward to collaborating with both the Government and industry stakeholders, offering support in fostering partnerships, facilitating technology transfers, and driving collaborative initiatives that align with mutual strategic goals. This collaborative approach underscores our commitment to advancing the US-India partnership in the dynamic realm of space exploration and technology.
About the US-India Strategic Partnership Forum (USISPF):
The US-India Strategic Partnership Forum (USISPF) is committed to creating the most powerful partnership between the United States and India. As the only independent not-for-profit institution dedicated to strengthening the U.S.-India partnership in Washington, D.C., and in New Delhi, USISPF is the trusted partner for businesses, non-profit organizations, the diaspora, and the governments of India and the United States.
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Ankit Jain – [email protected]