Ahead of Elon Musk’s visit to India, Centre notifies new FDI limit in space sector | India News – Times of India
NEW DELHI: Ahead of Starlink-promoter Elon Musk‘s visit to India, the Centre has notified a new Foreign Direct Investment (FDI) limit for various satellite-related activities under Foreign Exchange Management (Non-Debt Instruments) Rules, enabling foreign investors to firm up investment plans in the sector.A notification from the finance ministry said the new rules called the Foreign…