Summary:
Bengaluru, Sept 13 (PTI) India"s Foreign Direct Investment (FDI) policy in the space sector is getting revised opening up huge avenues for foreign companies to invest in the country, a top government official said on Monday.
Secretary in the Department of Space (DoS) and Chairman of Indian Space Research Organisation (ISRO), K Sivan, said there is enormous scope for foreign companies to tie-up with their Indian counterparts in the space sector.
"We have seen lot of interest from foreign companies", he told an international space conference and exhibition, being held over digital platform, organised by the Confederation of Indian Industry, in association with Antrix, ISRO and NSIL.
"Our space FDI policy is getting revised and the revised policy will open up huge avenues of opportunities for foreign companies to invest in India", he said.
"This will ensure sustained engagement between Indian and overseas companies which would greatly benefit both".
Chairman-designate of the Indian National Space Promotion and Authorization Center (IN-SPACe), Pawan Goenka, said he was very impressed with what India"s space scientists have achieved in advancing technology with a modest budget.