Tax alert: Amendment in Foreign Direct Investment Policy for space sector has been saved
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Tax alert: Amendment in Foreign Direct Investment Policy for space sector
23 February 2024
The Union Cabinet approved amendment in the Foreign Direct Investment (‘FDI’) policy for the space sector, on 21 February 2024. The amendment is in line with the vision and strategy mentioned under the Indian Space Policy 2023, which was notified as an overarching, composite, and dynamic framework to implement the vision for unlocking India’s potential in this industry through enhanced private sector participation.
