The legal and regulatory framework India needs to move SAF from stated ambition towards a credible, investable and functioning market.

This report examines the legal architecture that may be required for an Indian SAF market to develop with greater clarity and certainty. It does not seek to prescribe a particular commercial model or substitute legal analysis for policy choice. Rather, it brings together the principal legal and regulatory questions that will arise as India moves from stated ambition towards implementation.

The report reflects the Firm’s broader approach to emerging areas of regulation and investment, where legal certainty, commercial viability, and institutional design are closely connected. SAF provides a particularly important case study because its development will require coordination across multiple regulatory domains and among participants with materially different roles, interests and risk profiles.

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Contributed by: Dr. Shardul S. Shroff, Executive Chairman; Ramisha Jain, Principal Associate; Komal Karnik, Senior Associate; Jasleen Anand, Associate

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This is intended for general information purposes only. The views and opinions expressed in this article are those of the author/authors and does not necessarily reflect the views of the firm.