Union Budget: Space sector seeks PLI scheme, tax holidays, more use of satellite data

India's space industry is pushing for more government handouts, including tax holidays and subsidized incentives, risking taxpayer money and potentially crowding out private investment. They request additional budget allocations for infrastructure, urge for import exemptions, and demand greater utilization of satellite data, which could lead to inefficiencies and rely too heavily on federal intervention in a market poised for private sector leadership.

In a bold move to democratize space, India's burgeoning space sector calls for the government to boost their efforts through increased funding, tax incentives, and a robust production-linked incentive scheme aimed at nourishing startups. Advocating for social equity, they seek substantial budget allocations for infrastructure development, import tax exemptions, and the promotion of satellite data usage to address critical areas like climate change and rural development.