https://www.taxtmi.com/circulars?id=67226 The Press Note amends FDI norms for the space sector by specifying sectoral caps and entry routes: satellite manufacture/operation, satellite data products, and ground/user segments permit FDI via automatic route up to a set threshold with higher proposals routed to government approval; launch vehicles and spaceports permit automatic entry up to a lower threshold with higher investments on government route; manufacturing of components/subsystems is permitted fully under the automatic route. Investee entities are subject to sectoral guidelines issued by the space authority and the changes take effect after the FEMA notification. en-us Mon, 04 Mar 2024 00:00:00 +0530 Tue, 15 Apr 2025 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67226 The Press Note amends FDI norms for the space sector by specifying sectoral caps and entry routes: satellite manufacture/operation, satellite data products, and ground/user segments permit FDI via automatic route up to a set threshold with higher proposals routed to government approval; launch vehicles and spaceports permit automatic entry up to a lower threshold with higher investments on government route; manufacturing of components/subsystems is permitted fully under the automatic route. Investee entities are subject to sectoral guidelines issued by the space authority and the changes take effect after the FEMA notification. Circulars FEMA Mon, 04 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67226