With continued focus on policy reforms, technological advancements and ambitious missions, India, under Prime Minister Narendra Modi’s leadership, is poised to emerge as a major force in the global space arena.
Authors
Tuhin A. Sinha, National Spokesperson, BJP.
Sumit Kaushik, PhD candidate at O.P. Jindal Global University, Sonipat, Haryana, India.
Summary
India’s ambitious strides in space exploration are not just limited to successful missions and technological advancements. Under Prime Minister Modi’s leadership, the nation has opened new frontiers for global collaboration and innovation by permitting up to 100 per cent Foreign Direct Investment (FDI) in crucial space sectors including satellite manufacturing, operations, satellite data products, and related ground segments. This strategic move, aimed at bolstering India’s space capabilities, has been hailed by experts as a game-changer that will attract prominent international players, support homegrown startups, and stimulate high-tech research and development.
This policy shift not only enables component manufacturers to harness private investments to enhance their offerings and foster access to cutting-edge technologies, but it also promotes collaboration with global players to develop next-generation space products. Furthermore, it places India at the forefront of global space exploration, driving innovation and excellence in the domain.
Published in: News 18
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