India News: In order to lure foreign players and private firms to the space sector, the government has loosened Foreign Direct Investment (FDI) regulations. The d
India News: The PM Narendra Union Cabinet approved an amendment in the FDI policy in the Indian space sector, allowing 100% overseas investment in making componen
The ED had sought a 10-day extension in the remand of the four accused, saying that it wants to confront them with 13 witnesses and over 4 terabytes of data from multiple devices they have seized. Additional Sessions Judge Devender Kumar Jangala had on October 10 sent the accused to EDs custody for three days. The four accused — Hari Om Rai, the MD of Lava International, Chinese national Guangwen alias Andrew Kuang, and chartered accountants Nitin Garg, and Rajan Malik were produced in the court on Friday upon expiry of custody.
While addressing a road-show event for the Vibrant Gujarat Summit to be held on January 10-12, 2024, the Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh said, the government may liberalise FDI norms for the country s Space sector.
The Indian government is considering further liberalising foreign direct investment (FDI) norms in the space sector to attract overseas players and private companies. Currently, FDI in the space sector is allowed up to 100% in satellite establishment and operations through the government route only. After the successful mission of Chandrayaan-3, three G-20 countries have expressed interest in collaborating with India in the space sector.