New Delhi, May 6 -- The Indian government's decision to ease foreign direct investment (FDI) norms in the space sector by allowing 100 per cent overseas investment in satellite component manufacturing is expected to attract foreign players, start-ups, and boost demand for high-tech jobs, according to experts.
Sreeram Ananthasayanam, Partner, Deloitte India, hailed the move as a significant step towards transforming India's space program and infrastructure development.
He stated that the relaxation opens doors for the private sector to explore new business opportunities, leverage private investments, access cutting-edge technologies, and collaborate with global players.
For the government, Ananthasayanam noted that the move would reduc...