ONWARDS AND UPWARDS - INDIAN SPACE POLICY 2023: AN OPPORTUNITY FOR HOLISTIC APPROACH TO CONSUMMATE REGULATION AND FOREIGN DIRECT INVESTMENT

Published On: 04/08/2023

Practice Area: Government & Regulatory

Authors:

India has seen remarkable successes in its space program and is home to many space entrepreneurs. The Indian Space Policy 2023, released by ISRO is a significant step towards the comprehensive regulation of the space sector in India. Through this article, INDUSLAW's Kartik Ganapathy, Akash Chauhan, and Surabhi Chaturvedi analyse the policy, and identify the opportunities for wholesome regulation for the space sector in India, balancing the commercial interests with national security concerns and technological development. The article acknowledges the role of foreign investment in realising the full potential of this sector and discusses expectations for the space sector from an FDI policy perspective.