On the night of February 21, 2024, the Union Cabinet, in a historic move, announced its decision to amend the Foreign Direct Investment (FDI) policy in the space sector, by creating new sub-sectors wi...
After land, water, and air, space is the next (last?) frontier that the sovereign states set to explore. The space race started from the launch of Sputnik I in 1957 for exploration and warfare, to now being pursued by private players for commercial purposes. The value and the need of space mining is equally appreciated by the governments as well as private players. However, we are far from a robust and coherent regulatory framework to enable an equitable and judicious exploration by all stakeholders involved. INDUSLAW's Winnie Shekhar, Rashi Bharadwaj, and Jaidrath Zaveri talk about the evolution and the need for intervention in this sector along with India’s progress in this regard.
