India Opens Doors Wider for Space Investment Ahead of Musk Visit

  • In a timely move before Tesla CEO Elon Musk's visit, India has relaxed FDI norms for its space sector.
  • The new regulations permit up to 100% foreign investment in specific areas like satellite manufacturing and launch vehicles.
  • Previously, government approval was required for all foreign investment in space activities.
  • This liberalization aims to attract more foreign capital and expertise to boost India's space programs.
  • The move comes amidst rising competition in the global space industry.
  • Analysts believe this could benefit Indian space startups and lead to faster technological advancements.

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