Union Budget: Space sector seeks PLI scheme, tax holidays, more use of satellite data
- Posted on January 19, 2025
- By Business News Today
- 4 Views
Union Budget: Space sector seeks PLI scheme, tax holidays, more use of satellite data
India's space sector urges the government for increased investment in space-based services, tax reductions, and a production-linked incentive scheme to foster start-ups. They propose budget allocation for infrastructure, import exemptions, and advancements in satellite technologies. The Satcom Industry Association also advocates for the establishment of a Space Economy Task Force within the Finance Ministry.