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Easing FDI norms in space sector to lure foreign players, increase demand for high-tech jobs Full Article Link >>> https://lnkd.in/gVuNaJaG NEW DELHI: The government’s recent decision to allow 100% foreign direct investment (FDI) in the manufacturing of satellite components has been welcomed by experts as a significant step towards transforming the country’s space program. This move is expected to attract foreign players and startups, boosting demand for high-tech jobs in the sector. Sreeram Ananthasayanam, partner […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

𝐌𝐚𝐩𝐩𝐢𝐧𝐠 𝐈𝐧𝐝𝐢𝐚’𝐬 𝐒𝐩𝐚𝐜𝐞𝐭𝐞𝐜𝐡 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 & 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞🚀 At Treelife, we have prepared a comprehensive #report on the rapid transformation of India's space technology sector. 𝐖𝐢𝐭𝐡 𝐨𝐯𝐞𝐫 523 𝐩𝐫𝐢𝐯𝐚𝐭𝐞 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐚𝐧𝐝 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐢𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐬 𝐚𝐜𝐭𝐢𝐯𝐞𝐥𝐲 𝐜𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐧𝐠, 𝐭𝐡𝐞 𝐬𝐞𝐜𝐭𝐨𝐫 𝐢𝐬 𝐨𝐧 𝐚 𝐭𝐫𝐚𝐣𝐞𝐜𝐭𝐨𝐫𝐲 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 $44 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 2033, 𝐜𝐚𝐩𝐭𝐮𝐫𝐢𝐧𝐠 𝐧𝐞𝐚𝐫𝐥𝐲 10% 𝐨𝐟 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭. 👩🚀𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: 1. 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞𝐬: $1.6 billion allocated to the Department of Space. 2. 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐒𝐞𝐜𝐭𝐨𝐫 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭: Nearly $370 million invested in private space companies/startups. 3. 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐅𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤: Comprehensive policies promoting innovation and private participation. 4. 𝐅𝐃𝐈 𝐏𝐨𝐥𝐢𝐜𝐲: Proposed amendments to further liberalize the sector. 5. 𝐓𝐚𝐱 𝐈𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐞𝐬 & 𝐒𝐜𝐡𝐞𝐦𝐞𝐬: GST exemptions, income tax deductions, and various government schemes supporting startups and R&D. 6. 𝐆𝐈𝐅𝐓 𝐂𝐢𝐭𝐲 𝐈𝐅𝐒𝐂: A strategic gateway for space tech companies to access global markets and foster international collaborations. India's space tech ecosystem is at a pivotal moment, characterized by unprecedented growth, innovation, and public-private collaboration. Join us as we delve into the exciting developments and future prospects of India's space tech industry. For more details, reach out to us at garima@treelife.in Garima Mitra | Jitesh Agarwal | Karan Dhingra #SpaceTech #Innovation #IndiaSpaceSector #Investment #FDIPolicy #RegulatoryFramework #TaxIncentives #GIFTIFSC #Treelife #SpaceExploration #PrivateSector #PublicPrivatePartnership #Satellite #LaunchServices

💼 Finance Ministry Notifies Amended FDI Rules for Space tech Sector. 📝 SUMMARY: The finance ministry has introduced liberalized foreign direct investment (FDI) rules for the space sector to facilitate investments in space tech startups and companies. The amended rules came into effect on April 16. 🔑 KEY POINTS: - Amended FDI Regime: The amended rules allow for 100% FDI via the automatic route for certain segments within the space sector, aiming to bolster funding opportunities for research, development, and product/service launches. - Sectoral Guidelines: Investee entities must adhere to sectoral guidelines issued by the Department of Space. - Specific Provisions: FDI percentages vary for different segments, with up to 74% FDI allowed through the automatic route for satellite data products, ground segment, and user segment. Beyond this threshold, government approval is required. - Manufacturing: The amended policy permits up to 100% FDI under the automatic route for manufacturing components and systems/sub-systems for satellites, ground, and user segments. 🔍 INSIGHTS: - Industry Impact: The move is expected to streamline processes and enhance the ease of doing business, particularly benefiting young space tech startups. - India's Achievements: India has made significant advancements in the space sector, including successful spacecraft missions and being the first country to reach the Martian orbit on its maiden attempt. - Space tech Ecosystem: India's private space tech sector has witnessed substantial growth, with over 150 startups raising more than $285 Mn in funding since 2016. 💥 IMPACT: - Facilitating Investments: The liberalized FDI regime aims to attract more investments into the space tech sector, fostering innovation and development. - Industry Growth: With supportive government policies and a burgeoning ecosystem, India's space tech industry is poised for significant expansion. 🔮 OUTLOOK: - Future Prospects: The Indian space tech industry's value is projected to skyrocket from $15 Bn in 2023 to $77 Bn by 2030, indicating substantial growth opportunities in the coming years. #FinanceMinistry #FDIRules #SpacetechSector #Investments #FDIRegime #IndianSpaceIndustry #StartUpNews #BusinessNews #MicroShots #NewsUpdates

Karnataka aims to attract $ 3 billion in space tech, aims half of country's marketshare 🎯 The policy targets 50% of national output and 5% of global market share, focuses on supporting 500 startups & creating a space manufacturing cluster. Read more at: https://lnkd.in/gsCKbUbb

Funding for space technology plummets in 2024, but the sector anticipates a rebound. More insights at Times of India: https://buff.ly/3ZRQjru #TechTrends #Industrytech

Funding for space technology plummets in 2024, but the sector anticipates a rebound. More insights at Times of India: https://buff.ly/3ZRQjru #TechTrends #Industrytech

Why India’s Space FDI Policy is a Game-Changer for Startups 🚀 This right here is a monumental step for India, and a golden opportunity for global investors. As of April 16, 2024, India is allowing 100% foreign direct investment (FDI) in the space industry. This policy opens up high-potential areas like satellite data products, spaceports, launch vehicles, and more. It’s a clear signal that India is serious about becoming a leader in global space innovation. If you’re thinking about investing? Consider these tips: • Look at long-term partnerships – Indian startups are eager for international collaboration. • Focus on infrastructure – Spaceports and launch systems are ripe for investment and critical for future space missions. • Stay innovative – Space technology evolves fast. Align with cutting-edge startups that prioritize R&D and future-ready solutions. At Via Space Holdings, we’re excited about the vibrancy this will bring to India’s spacetech startups, which have already raised over $285M between 2014 and 2023. It’s refreshing to see Asia, especially India, stepping up with bold moves in space. For too long, the West has dominated the narrative—but India’s vision is turning heads and raising expectations. The only question is: Will you join the journey? www.viaspaceholdings.com #Space #Universe #Tech #SpaceTech #SpaceExploration #Mining #SpaceMining #Innovation #SpaceForEveryone #SpaceDemocratization #InvestmentReimagined Source:  https://lnkd.in/d6KjshpN

Finance Minister Nirmala Sitharaman announced a Rs 1,000 crore #VC fund to boost the space economy, aiming to expand it fivefold in the next decade: 1️⃣ The government aims to increase India's share in the global commercial space economy to 10% by 2030, up from the current 2%. 2️⃣ This is the first policy to provide financial assistance to private players in the #space sector, alongside existing policy support, technical assistance, and infrastructure sharing. 3️⃣ Lt. Gen. AK Bhatt (Retd.), Director General of the ISpA- Indian Space Association, welcomed the fund, highlighting its importance in addressing funding challenges for #SpaceStartups and fostering growth in India's space ecosystem. 4️⃣ The IN-SPACe offers limited seed funding for select #SpaceTechnology projects. The sector was opened to private players in 2020 to capture the global market, while ISRO focuses on missions like Chandrayaan-3, Aditya-L1, and Gaganyaan. 5️⃣ Awais Ahmed, founder and CEO of Pixxel, praised the fund as a groundbreaking commitment from the government to develop a dynamic space ecosystem, emphasizing the need for larger funds as the sector grows. 6️⃣ Srinath Ravichandran, co-founder and CEO of AgniKul Cosmos, stated the fund would help larger players emerge in India’s space startup ecosystem. 7️⃣ Pawan Kumar Chandana, co-founder and CEO of Skyroot Aerospace, noted that strategic investments in established capabilities and new technologies could enable India's private space sector to capture a significant share of the global space economy. Read The Full Article Here: https://lnkd.in/gifi75j6 #EntrepreneurshipStudio #Budget2024 #SpaceTech

🌌 India is set to revolutionize its space industry by allowing full foreign ownership in satellite-component manufacturing and simplifying investment regulations. This move aims to elevate India’s role in the global space market, projected to reach $47.3 billion by 2032. Key Insights From the Mint India Investment Summit: 🔹Expert Panel: The discussion featured insights from Arjun Rao of Speciale Invest, Suyash Singh from GalaxEye, and Chaitanya Giri from FLAME University. 🔹Investment Climate: The liberalization is expected to attract significant foreign direct investment, fueling growth and innovation within India's space sector. 🔹 Sector Challenges: Despite optimism, challenges such as capital accessibility, specialized talent shortage, and the need for advanced testing facilities were highlighted. 🔹Growth Potential: From just a handful of startups a few years ago to nearly 200 today, the sector's expansion is evident, signaling robust entrepreneurial activity and potential. Read more 👇 What strategies should companies consider to successfully navigate and leverage India’s newly liberalized space sector? https://lnkd.in/ePZS_Fdf #SpaceTech #ForeignInvestment #IndiaInvestmentSummit #Innovation

India's space startups are gearing up for a milestone year in 2025. With new satellites, commercial milestones, and increasing global investor interest, these startups are overcoming challenges with government-backed initiatives1. Revised FDI policies are expected to bring more capital into the sector, making it easier for investors to sell shares. The success of Chandrayaan-3 and other projects highlight India's potential as a major player in the global space industry.