Exciting developments have happened in the space sector in the past year and India’s policy landscape is evolving rapidly to foster innovation, private sector participation, and technological leadership. Shardul Amarchand Mangaldas has had the fortune to engage with and assist the government and the industry on some of these developments.

• FDI Liberalization in Space: Automatic route approvals up to 100% for key sub-sectors to accelerate growth under the Indian Space Policy, 2023.
• IN-SPACe Initiatives: Authorization guidelines, PPP models for Earth observation, and a ₹1,000 crore VC fund to nurture startups and MSMEs.
• Telecom Advancements: Draft rules under the Telecommunications Act, 2023, and new TRAI Quality of Service regulations for better infrastructure and security.
• State-Level Engagement: Karnataka’s Space Technology Policy aligns with national goals, showcasing collaborative efforts for a thriving ecosystem.

These developments mark a significant leap for India’s space economy and connectivity aspirations. We continue to watch this space—quite literally—for new opportunities and innovation!

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