USIBC welcomes and congratulates the Govt. of India on the formalization of FDI Rules in the commercial #space sector. We have long advocated for the opening of India's burgeoning space sector, which leads in technological innovation across areas such as satellite and rocket component #manufacturing, geospatial technology, and #satcom. The new Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2024, issued on April 16, mark a significant milestone in fostering foreign #investment in the sector. The changes made to the FDI Policy and the NDI Rules pave the way for increased collaboration and growth within the commercial space sector. We look forward to seeing the positive impact of these changes on the industry and to supporting continued progress and international collaboration in the sector. @USAmbKeshap @earth2miller @aslater00_India @sameerguduru @Pushan3012