ARE WE LIVING IN THE ERA OF THE JETSONS THE MINISTRY AMENDS THE FDI POLICY

The DPIIT, through Press Note No. 1 of 2024, has amended the Consolidated FDI Policy Circular of 2020 to relax FDI upto 100% in the Indian space sector. These amendments will come into effect from the date of the FEMA notification. Through this alert, INDUSLAW’s Kartik Ganapathy, Revathy Murali, Winnie Shekhar and Aryan Mohindroo provide their analysis of the amendments introduced and the implications of the newly introduced definitions of the space related activities.