Space FDI: Finance ministry notifies FDI in space sector; gives better access to capital, say startups
by ETtech.com
ETtech.com— The ministry of finance on April 16 notified Foreign Direct Investment (FDI) in the Space sector under the Foreign Exchange Management Rules which will now enable Indian space startups working on capital-intensive space products to now access a global pool of capital.The cabinet on February 21 had allowed 74% foreign direct investment (FDI) under automatic route for satellite manufacturing, upto 49% under automatic route for launch vehicles, and upto 100% under automatic route for manufacturing...
Scroll.in—Ahead of Elon Musk’s visit, Centre notifies raised FDI limit in space sector. The notification allowed 100% foreign direct investment into the category of manufacturing and operation of satellites and satellite data products.
CBC—First responders need better access to mental health care, former Winnipeg firefighter says. A former Winnipeg firefighter who worked as a peer-support coordinator says the nature and repetition of helping other people in crisis is taking a toll on first responders. Josh Klassen said while his former employer is moving in the right direction more needs to be done to help workers who are struggling.
KIFI—‘Cabs to get into space’: How this Indian startup wants to revolutionize satellite space travel. By Amy Gunia, CNN (CNN) — India is one of the world’s top spacefaring nations. It is the first Asian country to reach Mars orbit, and the fourth on the planet to take a spacecraft to the moon, landing closer to the south pole, known for its cratered terrain, than anyone else has. But its