Space stocks jump up to 7% after government approves 100% FDI
Thu, Feb 22, 2024 12:15 PM

Space stocks jump up to 7% after government approves 100% FDI

A Flip by Shubhangi Gupta
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Today's early morning trade saw space-related stocks surge up to 7% after the Union Cabinet approved an amendment in the Foreign Direct Investment (FDI) policy on Wednesday. The amended policy allows for up to 100% FDI in the space sector, with specific thresholds for different activities. This move aims to attract overseas players and private companies into the space segment.

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