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The federal government has allowed 100 per cent abroad funding in making parts for satellites, as a part of efforts to draw overseas gamers and personal corporations into the section.
“The investee entity shall be topic to sectoral pointers as issued by the Division of House every now and then,” the DPIIT press observe stated.
Now, the satellite tv for pc sub-sector has been divided into three totally different actions with outlined limits for overseas funding in every such sector, in accordance with an official assertion.
Earlier, FDI within the area sector was allowed as much as 100 per cent within the space of satellite tv for pc institution and operations by means of authorities routes solely.
By altering the present coverage, the federal government has allowed as much as 74 per cent FDI below computerized route in satellite tv for pc manufacturing and operation, satellite tv for pc knowledge merchandise, and floor and consumer segments. Past this restrict, authorities approval can be required in these areas for FDI. As much as 49 per cent FDI is allowed by means of the automated route for launch autos and related programs or subsystems, the creation of spaceports for launching and receiving spacecraft.
Past 49 per cent, FDI in these actions would require authorities approval, it added.
Additional, as much as 100 per cent abroad investments are permitted below the automated route for manufacturing of parts and programs/sub-systems for satellites, floor and consumer segments.
