Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh said, presently FDI in space sector is allowed up to 100% in the area of Satellites-Establishment and Operations through Government route only.
In a statement laid on the table of the Rajya Sabha, Dr Jitendra Singh said, Indian National Space Promotion and Authorization Centre (IN-SPACe) being the regulatory and promotional body for space activities was involved in revision of FDI policy which is presently under consideration of the Government.
The specific role of IN-SPACe for channelizing FDI will evolve after approval of revised FDI policy by the Government.