India, March 12 -- The Government of India issued the following news release:
The union cabinet in its meeting held on 21.02.2024 has approved the amendment in Foreign Direct Investment (FDI) in the space sector. Consequent to amended FDI policy in space sector, Department of Economic Affairs (DEA), Ministry of Finance issued the gazette notification No. CG-DL-E-16042024-253724 dated 16.04.2024 for amending the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019, in Schedule I, in the table for Sl. No.12 following has been substituted, namely:
(Omitted Hindi content can be viewed at https://pib.gov.in/PressReleasePage.aspx?PRID=2110835)
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