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.
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