Tag: Space Sector
April 24, 2024
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
NDI Amendment Rules: Significant Milestone in Fostering...
On April 16, 2024, the Ministry of Finance, through the Department of Economic Affairs, notified the Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2024 (the "Amendment"), prescribing new entry routes for foreign investment in activities under the space sector. ......
February 28, 2024
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
Unveiling India’s Space Potential: A New Dawn for...
On February 21, 2024, the Union Cabinet made a historic stride by sanctioning a groundbreaking revision to India's Foreign Direct Investment Policy ("FDI Policy") in the space sector. This pivotal decision marks a significant departure from India's traditional stance, signaling a bold shift towards leveraging private investment and expertise to drive the nation's space aspirations forward. ......