Commercial Space — Tech Evolutions

Entry	Year	Description	Impact
FDI Policy Amendment (Space Sector)	2024	The Union Cabinet approved significant amendments to the Foreign Direct Investment (FDI) policy in the space sector. This policy change liberalized investment norms across various segments of the space value chain, allowing higher percentages of FDI under the automatic route.	This amendment is a game-changer for attracting global capital and technology into India's commercial space sector. It is expected to boost indigenous manufacturing, foster joint ventures, and accelerate the growth of private space companies, thereby enhancing India's competitiveness in the global space economy and contributing to 'Atmanirbhar Bharat'.