Consider the following statements with regard to the foreign direct investment (FDI) rules for the space sector in India :
1. 49 per cent FDI has been allowed for the space sector category of manufacturing and operation of satellites.
2. 100 per cent FDI is allowed under the automatic route for launch vehicles and spaceports.
Which of the statemnts given above is/are correct ?
1
1 Only
2
2 Only
3
Both 1 and 2
4
Neither 1 nor 2