📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    What recent amendment has the government made to the

    foreign direct investment (FDI) policy in the space sector?
    A Encouraging investment in solar energy projects Correct Answer Incorrect Answer
    B Restricting FDI in satellite communication services Correct Answer Incorrect Answer
    C Allowing FDI in satellite manufacturing and launch vehicle segments Correct Answer Incorrect Answer
    D Imposing stricter regulations on space exploration companies Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The government has made amendments to the foreign direct investment (FDI) policy in the space sector to attract offshore investors in satellite manufacturing and satellite launch vehicles segments. This amendment provides a liberalized entry route and clarity for FDI in satellites, launch vehicles, and associated systems or subsystems, as well as for the creation of spaceports and manufacturing of space-related components and systems.

    Practice Next
    More Financial Management Questions
    ask-question