Newly created space regulatory body, Indian National Space Promotion and Authorisation Centre, opened the process on 11 July allowing qualified firms to register an interest.
The government’s supposedly investor-friendly Hydrocarbon Exploration and Licensing Policy in 2016 has failed to yield results. India’s domestic crude oil output has continued to fall.
The countries signed a memorandum for co-development of UNICORN masts in November 2024. India has been second Asian nation to have such an agreement with Tokyo, after Philippines.
COMMENTS