draft Press Notes (2024) Published

Government of India
Ministry of Commerce & Industry
Department for Promotion of Industry and Internal Trade
FDI Policy Section

Press Note No. 1 (2024 Series)
Subject:
Review of Foreign Direct Investment (FDI) Policy on Space Sector
The Government of India has reviewed the extant FDI policy on Space sector. Accordingly, the following amendments have been made under Para 5.2.12 of the Consolidated FDI Policy Circular of 2020, as amended from time to time (FDI Policy):
5.2.12 SPACE SECTOR
Sector/Activity
Sectoral
Cap
Entry Route
5.2.12.1
Up to 74%: Automatic
(1)
Satellites-Manufacturing
&
Operation
Beyond 74%: Government route
100%

(2) Satellite Data Products
(3) Ground Segment & User Segment
5.2.12.2
Up to 49%: Automatic
(1) Launch Vehicles and associated
systems or subsystems
Beyond 49%: Government route
100%
(2) Creation of Spaceports for
launching and receiving Spacecraft
Sector/Activity
Sectoral
Cap
Entry Route
5.2.12.3
Up to 100%: Automatic
Manufacturing of components and
systems/ sub-systems for satellites,
100%
ground segment and user segment
5.2.12.4 The investee entity shall be subject to sectoral guidelines as issued by Department of Space from time to time.
5.2.12.5 Definitions:
(1) Satellites

Manufacturing & Operation: End-to-end manufacturing and supply of
satellite and/or payload, establishing the satellite systems including control of in-orbit

2.5 Definitions:
(1) Satellites

Manufacturing & Operation: End-to-end manufacturing and supply of
satellite and/or payload, establishing the satellite systems including control of in-orbit

operations of the satellite & payloads.
(2) Satellite Data Products: Reception, generation or dissemination of earth observation/remote sensing satellite data and data products including Application Interfaces (API).
(3) Ground Segment & User Segment:
(a) Ground Segment: Supply of satellite transmit/receive earth stations including earth observation data receive station, gateway, teleports, satellite Telemetry, Tracking and
Command (TTC) station, Satellite Control Centre (SCC) etc.
(b) User Segment: Supply of user ground terminals for communicating with the
satellite, which are not covered under the ground segment.
(4) Launch Vehicles and Associated Systems or Subsystems: A vehicle and its
stages or components that is designed to operate in or place spacecraft with payloads or
persons, in a suborbital trajectory, earth orbit or outer space.
(5) Creation of Spaceports for launching and receiving Spacecraft:- A spaceport
(also referred as launch site) can be regarded as the base from which spacecraft are
launched, and consisting of facilities involving devices for transportation to, from and via
outer space.

rt
(also referred as launch site) can be regarded as the base from which spacecraft are
launched, and consisting of facilities involving devices for transportation to, from and via
outer space.
(6) Manufacturing of Components and Systems/Subsystems for Satellites ground
segment and user segment: Comprises the manufacturing and supply of the electrical,
electronic and mechanical components systems/ subsystems for satellites, ground
segment and user segment.
3.
The above decision will take effect from the date of FEMA notification.

(HimanPande)
Joint Secretary to the Government of India
DPIIT File No.: P-15019/2/2023-FDI Policy dated 04/03/2024
Copy forwarded to:

1. Press Information Officer, Press Information Bureau- for giving wide publicity to
   the above Press Note.
2. Joint Secretary, Department of Economic Affairs,] For suitably incorporating the
   North Block, New Delhi
   policy changes in Foreign Exchange (Non-Debt

Reserve Bank of India, Foreign Exchange Department, Mumbai
Management Instruments)
Rules, 2019 and the relevant
schedules thereof.
4. NIC Section in the Department for Promotion of Industry and Internal Trade - for
uploading the Press Note on DPIIT's website.
5. Hindi Section, DPIIT- for providing Hindi version.