India's space industry is preparing for liftoff with a major policy shift. The government has announced 100% Foreign Direct Investment (FDI) in the satellites sector, marking a significant step towards opening up the industry. This move, aligned with the Indian space policy 2023, aims to attract global investment, boost private participation, and accelerate the nation's space ambitions.

India opens its space sector to 100% foreign investment with new FDI policy

FDI in Indian space sector hits 100%

In the last three years, India has seen a rapid increase in private space firms and startups. They've launched rockets, they've placed their satellites in orbit, and much more. To further enhance India's space industry the government is now working on permitting foreign direct investment. For more on this, our correspondent Siddharth MP caught up with Dr Pawan Goenka who heads the In-SPACe, the Regulatory Body of the Indian space sector.

'India's space industry set to soar higher' | Interview with Dr Pawan Goenka

Indian space industry has received a major Boost from Google The Tech Giant has announced an investment of 36 million dollars in Bengaluru based space startup pixel right this also happens to be the first significant investment in the Indian space sector since the government launched its privatization policy back in April yes pixxel is a satellite image startup founded in 2019.

Google invests $36 million in Indian space startup

Indian Startups in the space sector operate in diverse segments such as launch vehicles, satellites, propulsion systems, ground services etc. It was in mid-2020 that the Indian Government opened up the space sector to private firms and start-ups and enabled them to perform end-to-end activities.

100+ Indian space-sector start-ups have raised nearly $250mn in funding: Industry body

The Indian space industry witnessed significant growth in recent times. And the year 2022 was indeed a success story as the industry achieved remarkable milestones under the guidance of the Indian Space Research Organisation (ISRO).

New era of space exploration: Indian space industry witnessed major milestones in 2022