India is poised to encourage foreign direct investment (FDI) in the space sector, with or without joint ventures (JVs) with Indian companies, and is ready to rope in overseas companies to set up facilities in the country to make satellites and launch vehicles.
Many foreign firms have shown interest in providing satellite-based services in India following the Modi government’s decision to open up the space sector. It now needs to appoint a truly independent regulator and frame sensible rules to encourage investments.
India’s space competitiveness has suffered from the absence of a globally reputed private industry. All that is about to change with the advent of public-private space manufacturing and technology partnership, thanks to the recent liberalisation of the sector by the Indian government.
Editorial Comment ‘India Global Business’ gives its take on the Beast of Brexit, Modi’s Houston Home Run and India’s Moon Mission. The Beast of Brexit The Scottish court annulling the proroguing of British Parliament by Prime Minister Boris Johnson has dealt yet another blow to his still very nascent premiership. With Parliament earlier passing a resolution blocking a no-deal Brexit and ruling out an early election, the Brexit end game has entered uncharted waters. The British Supreme Court will [...]
Indian Prime Minister Modi’s space diplomacy means business and strategic opportunities for allies; a conundrum for foes, writes India Inc. Founder & CEO Manoj Ladwa. In 2014, within months of coming to power in India, Prime Minister Narendra Modi marked out the next frontier for Indian diplomacy – outer space. But unlike the US and the erstwhile USSR, which used their space expertise and satellites to over-awe and impress allies and adversaries alike, the Indian thrust is based on Modi’s inclusive [...]