Union Budget 2024-25: Space sector wants PLI for components, reasonable SUC, tax holidays

NEW DELHI: India’s space sector companies, for the Union Budget 2023-24, have recommended to the Centre to introduce a production-linked incentive (PLI) for space-grade components to incentivise domestic manufacturing under ‘Atmanirbhar Bharat’ (self-reliant India) vision, and reasonable spectrum usage charges (SUC) to ensure that satellite operators are not overburdened with excessive fees.

“Drawing inspiration from the PLI scheme for drones, ISpA suggests introducing a similar scheme for space-grade components. This would incentivize domestic manufacturing under the ‘Make in India’ vision and bolster the supply chain for space-related technologies and attract investment by providing financial incentives to manufacturers based on their output,” the Indian Space Association (ISpA) said in its recommendations.