As per the new rules, up to 100% FDI is allowed in the space sector. However, up to 74% FDI is permitted under the automatic route in satellite manufacturing and operation, satellite data products and ground and user segment. Beyond 74%, FDI in these activities requires government approval.
As per media reports, prominent space startups including Dhruva Space, Skyroot Aerospace, Agnikul Cosmos, and Bellatrix Aerospace have received requests from the government for a meeting with Musk in the national capital.
Billionaire entrepreneur and Tesla boss Musk is scheduled to visit India on April 21 and 22, and the action-packed 48 hours may see him announce the company's mega investment plans for the country.
Ashok Chandak, president of India Electronics and Semiconductor Association (IESA), said Tesla’s decision to create an ecosystem of local suppliers for electronics and subsystems shows it is not dependent on just one market. The major concern is local sourcing of semiconductors. “This needs improvement in the supply chain as value addition for the industrial and automotive segments is much higher,” said Chandak.
An internal committee of the Department of Telecommunications (DoT) is working on the Starlink application. Since some of the issues, including those related to Starlink’s collaboration with American intelligence agencies, remain open, the company can only be granted conditional approval, the people said.
When pressed further about Musk’s comments at a Washington conference last month, SpaceX Chief Financial Officer Bret Johnsen said, “I don’t know that I want to quantify those numbers, but we are in positive cash flow and profitable territory for our satellite business now.”
"We are lifting all restrictions. This judge has applied massive fines, threatened to arrest our employees and cut off access to X in Brazil," Musk said in a social media post. He added that the move would probably cause X to lose all its revenue in the country and shut its office there.
Budi Arie Setiadi, Indonesia's minister of communications, said, "what's important is that we have to have a fair business, with a level-playing field."
Industry Minister Adolfo Urso said Tuesday he was prepared to organise meetings with Starlink and Telecom Italia to "find a solution that allows the best possible coexistence of the two technologies, as required by law".
As more advertisers move away from the microblogging platform, the billionaire has stressed reducing the company's reliance on advertising and has turned his focus to more attractive subscription plans.
Or take Sudan, where a year-long civil war has led to accusations of genocide, crimes against humanity and millions of people fleeing their homes. With the regular internet down for months, soldiers of the paramilitary Rapid Support Forces are among those using the system for their logistics, according to Western diplomats.
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