India approves 100% FDI in space sector
India

India approves 100% FDI in space sector

(Reuters) - The India government approved an amendment to allow 100% foreign direct investment (FDI) in the space sector in a moved aimed to ease business in the country, according to a government

   

(Reuters) – The India government approved an amendment to allow 100% foreign direct investment (FDI) in the space sector in a moved aimed to ease business in the country, according to a government notification on Wednesday.

The FDI policy reform will promote growth of investment, income and employment, the government said in a statement.

(Reporting by Angela Christy and Mrinmay Dey in Bengaluru)

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