IIFCL Urges Govt to Include Space Sector in Infrastructure List
1 month, 2 weeks ago

IIFCL Urges Govt to Include Space Sector in Infrastructure List

Deccan Chronicle  

New Delhi: In a move to finance the space sector manufacturing and other related areas, state-owned IIFCL has urged the government to bring the space sector under the harmonized list of infrastructure for easier financing of satellite vehicle manufacturing activity in the country. Currently, India Infrastructure Finance Company Limited is providing advisory services to the Indian Space Research Organisation through its subsidiary IIFCL Projects Limited, which helped in transferring 13 satellites from ISRO to NewSpace India Limited that involved a very complicated legal process and IPL has also done their business plans, according to a top IIFCL official. At the same time, Mr Jaishankar said, "We would like to engage with the space sector in terms of financing the space satellite vehicles manufacturing and other related areas. Earlier this year, the Union Cabinet liberalised foreign direct investment policy allowing up to 100 per cent FDI through the automatic route in the space sector.

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History of this topic

IIFCL seeks infra tag for space sector; keen to finance satellite vehicles manufacturing: MD
1 month, 2 weeks ago

IIFCL seeks infra tag for space sector; keen to finance satellite vehicles manufacturing: MD

Live Mint  

New Delhi, Nov 24 State-owned IIFCL has requested the government to bring the space sector under the harmonized list of infrastructure for easier financing of satellite vehicle manufacturing activity in the country. Currently, India Infrastructure Finance Company Limited is providing advisory services to the Indian Space Research Organisation through its subsidiary IIFCL Projects Limited. At the same time, he said, …

Union Budget 2024: Space industry urges government for tax holidays, PLI scheme | DETAILS
5 months, 3 weeks ago

Union Budget 2024: Space industry urges government for tax holidays, PLI scheme | DETAILS

India TV News  

As Finance Minister Nirmala Sitharaman prepares to present the Union Budget next week, the private space sector has outlined several key expectations. "More money for space-related acquisitions, tax holidays, import holidays, and PLI scheme for space," Pixxel Space co-founder and CEO Awais Ahmed told the media when asked about his wishlist for the budget. "ISpA calls for a commitment from …

Centre eases FDI norms for space sector to boost offshore investment
8 months, 3 weeks ago

Centre eases FDI norms for space sector to boost offshore investment

Hindustan Times  

The government has notified amendments to the foreign direct investment policy in the space sector to attract offshore investors in satellite manufacturing and satellite launch vehicles segments. Amendment made in the FDI policy for space sector through a gazette notification dated April 16, 2024, prescribes liberalized entry route and provides clarity for FDI in satellites, launch vehicles and associated systems …

Indian finance ministry notifies 100% FDI for satellites ahead of Elon Musk's India visit
8 months, 3 weeks ago

Indian finance ministry notifies 100% FDI for satellites ahead of Elon Musk's India visit

Firstpost  

Under these new guidelines, foreign investors can now invest up to 100 per cent of FDI into the sector, with 74 per cent being under the automatic route. This includes investments in satellite manufacturing and operations, the ground segment, user segment, as well as satellite data products India will now allow up to 100 per cent FDI investment in satellite …

‘Opening up of space sector FDI will attract capital for start-ups, OEMs’
10 months, 2 weeks ago

‘Opening up of space sector FDI will attract capital for start-ups, OEMs’

New Indian Express  

CHENNAI: Space sector players say the government’s move to further open up foreign direct investment will attract significant foreign capital which is crucial for the strategic sector. The long-pending demand for liberalisation of FDI norms in space companies has been addressed by the government on Wednesday with the amendment to the FDI policy. The changes would help the country to …

GoI loosens FDI restrictions on India's private aerospace sector, wants to attract major investments
10 months, 2 weeks ago

GoI loosens FDI restrictions on India's private aerospace sector, wants to attract major investments

Firstpost  

The Government of India is loosening its FDA norms for private aerospace sector as it wants to attract major investments. Under the amended FDI policy, India now permits up to 74 per cent FDI under the automatic route in satellite manufacturing and operation The Government of India is loosening its FDA norms for private aerospace sector as it wants to …

India eases process for FDI in space sector, allows 100 per cent in making satellite components
10 months, 2 weeks ago

India eases process for FDI in space sector, allows 100 per cent in making satellite components

India TV News  

In a significant move aimed at bolstering its position in the global space market, India has announced the easing of approval processes for foreign direct investment in its space sector. Private sector participation India has taken significant steps to privatise space launches, aiming for a substantial increase in its share of the global launch market. With projections suggesting the space …

Centre announces 100% Foreign Direct Investment in Space sector, move expected to attract potential investors to Indian space companies
10 months, 2 weeks ago

Centre announces 100% Foreign Direct Investment in Space sector, move expected to attract potential investors to Indian space companies

Op India  

In a significant move, the Modi government has announced 100% Foreign Direct Investment in the space sector. The Union Cabinet approved the amendment in the FDI policy on the space sector dividing the satellites sub-sector into three different activities with defined limits for foreign investment in each such sector. The Centre stated that the proposed reforms will liberalize the FDI …

100% FDI to be allowed in space sector: Centre
10 months, 2 weeks ago

100% FDI to be allowed in space sector: Centre

The Hindu  

Prime Minister Narendra Modi-led Union Cabinet on Wednesday took a series of key decisions, which included the approval for amendments to the existing Foreign Direct Investment policy on space sector. The liberalised entry routes under the amended policy are aimed to attract potential investors to invest in Indian companies in space,” said Union Minister Anurag Thakur. The amended policy extends …

Govt wants private sector to invest in space; companies wait to see commitment from govt
1 year, 1 month ago

Govt wants private sector to invest in space; companies wait to see commitment from govt

The Hindu  

December 04, 2023 07:00 am | Updated 07:00 am IST - Bengaluru The global space economy is currently around $447 billion, according to estimates by McKinsey. However, despite the success of the Chandrayaan-3 mission and the introduction of aspace policy in April 2023, a host of factors seem to make investment in space sector a cautious prospect for private players. …

India Unleashing Reforms In Space Domain
1 year, 6 months ago

India Unleashing Reforms In Space Domain

Live Law  

India’s formal entry into space industry was largely in 1962 when Indian National Committee for Space Research was established by Government of India under the aegis of Dr. Vikram Ambalal Sarabhai. In addition to the Draft Space FDI Policy, ISRO revealed the Indian Space Policy 2023 on April 20, 2023. With the advent of Indian Space Policy 2023 and the …

FDI in India: Foreign Direct Investment inflows continue to increase, says govt
2 years, 11 months ago

FDI in India: Foreign Direct Investment inflows continue to increase, says govt

Live Mint  

The Foreign Direct Investment inflows has shown a continuous increase from $45.15 billion in 2014-15 to $81.97 billion in 2020-21, Minister of State in the Ministry of Commerce and Industry, Som Parkash, said in a written reply in the Lok Sabha on Wednesday. During the last five fiscal, FDI inflows worth $339.55 billion have been reported into India. The financial …

Industry requests more finance, clarity on India’s space policy
3 years, 2 months ago

Industry requests more finance, clarity on India’s space policy

The Hindu  

Industrialists told Prime Minister Narendra Modi on Monday that for the space industry to grow, the Government should help small and medium sector enterprises access more capital as well as move faster on finalising its space policy. The industry leaders were speaking at the inauguration of the Indian Space Association, an organisation meant to represent the interests of the Indian …

Centre permits 100% FDI in telecom sector
3 years, 3 months ago

Centre permits 100% FDI in telecom sector

Hindustan Times  

The Centre on Tuesday informed that it has permitted 100% FDI under automatic route in the telecom services sector, news agency PTI reported. Press Note 3 of 2020 shared by the DPIIT states that a “non-resident entity can invest in India, subject to the FDI Policy except in those sectors/activities which are prohibited. However, an entity of a country, which …

Centre receives 27 proposals from private companies to speed up India's space activity
3 years, 5 months ago

Centre receives 27 proposals from private companies to speed up India's space activity

India Today  

As India sets eyes on the space sector and looks to boost its presence in the field amid a growing push from the US, China and Russia, 27 proposals have reached the government from private companies for various space-related activities. With the space sector reforms, the Indian private space industry is slated to contribute to the core elements of the …

Govt’s decision on FDI in defence to enhance self-reliance in sector: Goyal
4 years, 3 months ago

Govt’s decision on FDI in defence to enhance self-reliance in sector: Goyal

The Hindu  

The government’s decision to ease FDI norms in the defence sector will push self-reliance in production and keep national interests and security paramount, Commerce and Industry Minister Piyush Goyal said on Friday. The government has permitted 74% foreign direct investment under automatic route in the sector with certain conditions. The permit for up to 74% FDI in the defence manufacturing …

Govt Permits Up to 74 per cent FDI Under Automatic Route in Defence Sector
4 years, 3 months ago

Govt Permits Up to 74 per cent FDI Under Automatic Route in Defence Sector

News 18  

The government has permitted foreign direct investment of up to 74 per cent under automatic route in the defence sector with a view to attracting overseas investors, according to a press note issued by the DPIIT on Thursday. As per the current FDI policy, 100 per cent overseas investments are permitted in the defence industry — 49 per cent under …

Laws Being Put in Place to Ease Business Environment for Private Sector in Space Segment: ISRO
4 years, 3 months ago

Laws Being Put in Place to Ease Business Environment for Private Sector in Space Segment: ISRO

News 18  

With the recent announcement of space sector reforms, the Indian Space Research Organisation on Tuesday said necessary legislations are being put in place to ease the business environment for private players. "We need to do some of the activities to ensure that there is no hardship, so a comprehensive space act is required, as well as the different policies should …

Govt opens doors for private sector participation in space activities
4 years, 6 months ago

Govt opens doors for private sector participation in space activities

India Today  

The Union Cabinet on Wednesday approved far reaching reforms in the space sector aimed at boosting private sector participation in the entire range of space activities. PM Modi also tweeted saying that the "reform trajectory" continues with reforms in the space sector, which is "yet another step towards making our nation self-reliant and technologically advanced". The Union Cabinet’s approval to …

Private sector to get level playing field with space reforms
4 years, 6 months ago

Private sector to get level playing field with space reforms

The Hindu  

The Union Cabinet on Wednesday approved the creation of the Indian National Space Promotion and Authorization Centre to provide a level playing field for private companies to use Indian space infrastructure. “The IN-SPACe will also hand-hold, promote and guide the private industries in space activities through encouraging policies and a friendly regulatory environment,” the government said in a statement. ‘New …

Government nod mandatory for FDI from neighbouring countries
4 years, 8 months ago

Government nod mandatory for FDI from neighbouring countries

The Hindu  

April 19, 2020 01:16 am | Updated December 03, 2021 06:26 am IST - NEW DELHI In a move that will restrict Chinese investments, the Centre has made prior government approval mandatory for foreign direct investments from countries which share a land border with India. “However, an entity of a country, which shares land border with India or where the …

India considers closer scrutiny of FDI in sectors crucial to national security
4 years, 10 months ago

India considers closer scrutiny of FDI in sectors crucial to national security

Live Mint  

India is considering closer scrutiny of foreign direct investment in sectors crucial to national security, a top government official said, the latest nation looking to tighten oversight amid growing unease about China’s acquisition of tech assets. The industries department is in talks with the ministries looking at finance and internal security, and any changes would include transactions under the so-called …

Government directs ministries to aggressively pursue foreign companies for investment after recent reforms
5 years, 1 month ago

Government directs ministries to aggressively pursue foreign companies for investment after recent reforms

Firstpost  

The Cabinet Secretariat letter reviewed by Firstpost reveals that concerned departments have been told to identify sectors where foreign companies could be invited for fresh investments New Delhi: The government has asked all Central ministries to take advantage of several reforms executed in the past couple of months to lure foreign companies for large-scale investment in the country. The Cabinet …

Govt makes fresh growth push with big-ticket FDI reforms
5 years, 4 months ago

Govt makes fresh growth push with big-ticket FDI reforms

Live Mint  

New Delhi: The Union cabinet cleared a raft of changes in foreign direct investment regulations, including easing rules for overseas single-brand stores and permitting FDI through the automatic route in contract manufacturing and all areas of coal mining. “The changes in FDI policy will result in making India a more attractive destination, leading to benefits of increased investments, employment and …

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