New Delhi is hoping to reel in investors to set up local manufacturing India has eased restrictions on foreign direct investment (FDI) in its space sector, in a bid to attract global players and expand critical capabilities, the government said on Wednesday. Previously, FDI for satellite operations was only permitted with specific government approval. Under the amended policy, New Delhi is allowing up to 100% investment in the manufacture of components and systems for satellites without official permission. For building satellites in India, foreign companies can invest up to 74%, or 49% for launch vehicles, withou
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