https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Government Promotes Domestic Space Sector with GST Exemptions and Support for Startups

Additionally, the government has introduced an ‘Investment Incentive Scheme’ for the space sector, replacing the Production-Linked Incentive (PLI) scheme, to further boost the industry.
Indian Masterminds Stories

The Government has extended GST exemptions on ‘Satellite Launch Services’ and the ‘transfer of communication assets, including spacecraft and satellites’, to foster growth in the domestic space sector. The move aims to encourage Indian players in the space industry. While GST exemptions for Ground Systems and components of launch vehicles and satellites have been requested by the industry during various meetings and forums, a formal proposal detailing the exemption’s scope is still awaited.

Additionally, the government has introduced an ‘Investment Incentive Scheme’ for the space sector, replacing the Production-Linked Incentive (PLI) scheme, to further boost the industry.

To encourage the application of space technology, the Indian National Space Promotion and Authorization Center (IN-SPACe) has launched a seed fund scheme, providing grants to six Indian startups. These startups are working on developing innovative products and services in sectors such as agriculture, disaster management, and urban development using space technology. The startups receiving grants include M/s ARMS4AI, M/s mistEO, M/s Augtual (Fabric), M/s Hyspace, M/s Xovian, and M/s Seagull.

This information was shared by Dr. Jitendra Singh, Union Minister of State for Science and Technology, Earth Sciences, and Space, in a written reply in the Lok Sabha today.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
GAIL gas supply Tata Steel Jamshedpur
GAIL Expands Eastern Gas Network, Begins Supply to Tata Steel's Jamshedpur Facility
ireda
IREDA CMD Highlights Asset Quality and Governance at 21st Stakeholders Meet; GST Cut to Boost Renewable Energy Projects
Noida International Airport inauguration
Jewar (Noida) International Airport to Be Inaugurated on Oct 30, Flight Operations Expected Within 45 Days
International Driving Permit
Bihar Women Take the Wheel Globally: 73 Obtain International Driving Permits from Patna DTO
UP Government Uttar Pradesh Yogi
UP Govt Transfers 14 Senior IAS Officers: Chief Secretary SP Goyal Loses Key Portfolios, Deepak Kumar Gains Power, Parthasarathi Named Education Secretary
BEML CMD Shantanu Roy urban mobility
BEML CMD Shantanu Roy Shares Bold, Future-Ready Vision for Urban Mobility at NUTI Summit 2025
MIDHANI
MIDHANI CMD Dr. S.V.S. Narayana Murty Gets 1-Month Extension as Director (Production & Marketing)
Ministry-of-Finance
Switch to Unified Pension Scheme by Sept 30 or Miss Out, Finance Ministry Warns Govt Employees
ADVERTISEMENT
ADVERTISEMENT
Videos
Dr. S.K
Technology Meets Ecology: IFS Dr S K Srivastava’s Game-Changing Innovations in Forest Management | Eco Warrior Awards 2025 Interview
IFS Uttam Kumar Sharma Interview
From Extinction to Exhilaration: The Untold Story and Future Vision of Project Cheetah | Led by IFS Uttam Kumar Sharma | Eco Warrior Awards 2025
K M Abharna IFS Eco Warrior Awards 2025
Meet K. M. Abharna, the IFS Officer Behind Avni’s Case and Vidya Balan’s Sherni Role
ADVERTISEMENT
UPSC Stories
Ishwarlal Gurjar UPSC
10th Grade Failure to Indian Police Service: Ishwarlal Gurjar’s UPSC Success Path
Read the inspiring journey of Ishwarlal Gurjar from a small village in Rajasthan to becoming an IPS officer....
IAS Minnu P M
“Lazy, Sleepy, Yet Determined”: Minnu P M’s Honest Take on Cracking UPSC
Minnu PM, once a clerk in Kerala Police, cleared UPSC with AIR 150 after five years of struggle. Her...
IPS Ashish Tiwari
From IIT and Investment Banking to Public Service, Meet IPS Ashish Tiwari 
Ashish Tiwari, IIT graduate and former investment banker, chose public service over global finance. As...
Social Media
Parag Madhukar Dhakate
Relentless Rains Wreak Havoc in Dehradun: IFS officer PM Dhakate Warns Citizens Amid Flash Floods
Cloudbursts in Dehradun triggered flash floods. IFS officer Dr. PM Dhakate warned citizens to stay indoors...
Forest Guard Tiger Encounter
Tigers Clash in the Wild as Forest Guards Capture Rare Footage , Retired IFS Mohan Pargaien Posts Viral Video
Retired IFS officer Mohan Pargaien shares viral video of three tigers brawling in Ramnagar, as forest...
Tamil Nadu Gaur Rescue
Tiruchirappalli Forest Officials Risk Lives to Rescue Juvenile Gaur; Video Shared by IAS Officer Goes Viral
Trichy forest and fire teams risk lives to rescue a juvenile Indian gaur; IAS officer Supriya Sahu shares...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
GAIL gas supply Tata Steel Jamshedpur
GAIL Expands Eastern Gas Network, Begins Supply to Tata Steel's Jamshedpur Facility
ireda
IREDA CMD Highlights Asset Quality and Governance at 21st Stakeholders Meet; GST Cut to Boost Renewable Energy Projects
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Dr. S.K
IFS Uttam Kumar Sharma Interview
K M Abharna IFS Eco Warrior Awards 2025
ADVERTISEMENT
ADVERTISEMENT