In April 2024, the Ministry of Finance notified the amendment to Foreign Exchange Management (Non-Debt Instruments Rules) Rules 2019 to operationalize the new foreign direct investment (FDI) limits for satellite-related activities. FDI is allowed up to _________ under the automatic route for manufacturing of components and systems or sub-systems for satellites, ground segment, and user segment.
1
50%
2
60%
3
75%
4
80%
5
100%