India’s Space Sector Eyes Major Reforms in Union Budget: Calls for PLI Scheme and Tax Holidays

As the Union Budget 2025-26 approaches, India's space sector is urging the government to implement strategic measures to foster growth and innovation. Key recommendations include the introduction of a Production Linked Incentive (PLI) scheme tailored for space-related manufacturing, tax holidays to stimulate startup growth, and policies promoting the extensive use of satellite data across various industries. These initiatives aim to position India as a global leader in space technology, attract substantial investments, and leverage satellite data for advancements in agriculture, telecommunications, and disaster management. The sector's proposals underscore its critical role in propelling India's digital and economic progress.

Source: The Economic Times