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ARTICLE · 12 MARCH 2024

Foreign Investment Liberalised In India's Space Sector

Majmudar & Partners
Majmudar & Partners
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Recently, India's Union Cabinet approved a significant amendment (the "FDI Amendment") to India's Foreign Direct Investment ("FDI") Policy (the "FDI Policy") in the space sector.

IndiaGovernment, Public Sector
Rukshad Davar
Rukshad Davar
Bhavya Solanki
Bhavya Solanki
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Recently, India's Union Cabinet approved a significant amendment (the "FDI Amendment") to India's Foreign Direct Investment ("FDI") Policy (the "FDI Policy") in the space sector. The FDI Amendment aims to open India's space sector for foreign participation. This update discusses the FDI Amendment and analyses its implications.

FDI Amendment

Previously, the FDI Policy permitted FDI in the "establishment and operation" of satellites solely through the government approval route, subject to sectoral guidelines of the Department of Space or the Indian Space Research Organisation (ISRO).

The FDI Amendment now defines three (3) different categories of space activities, each with distinct foreign investment limits, as follows:

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