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India’s new space policy set to open up new business opportunities for foreign companies

India’s new space policy is all set to open up the sector not only to private Indian entities but also to foreign companies to set up facilities in the country.

Department of space (DoS) secretary, K Sivan said to The Times of India that international organizations will be allowed to set up facilities to make satellites and launch vehicles in India. They can set up ground stations and use India’s spaceports. These measures will open up new avenues for Foreign Direct Investment.

According to Sivan, many companies are already showing interest in the sector. For instance, UK-based OneWeb and Norway-headquartered KSAT, a global telecommunications service provider. Both the companies want to set up ground stations in India.

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