Under the revised norms, up to 100 percent foreign investment is allowed for the manufacture of components and systems for satellites, and for ground and user segments, through the automatic route.
This newly established fund by Paytm CEO Vijay Shekhar Sharma is dedicated to investing in Indian startups focusing on Artificial Intelligence and Electric Vehicles (EV).
The total size of the category-II alternative investment fund (AIF), called VSS Investments Fund, is Rs 20 crore, with a green shoe option of Rs 10 crore.