The Government provides GST exemption on ‘Satellite Launch Services’ as well as ‘on transfer of communication assets [Spacecraft (including satellites)]’ to encourage the domestic players. GST exemption for Ground Systems, components of Launch vehicles/Satellites, have been demanded by Industry in various meetings/forums. However, a formal proposal from Industry is awaited, detailing the nature/scope of the exemption sought.

An ‘Investment Incentive Scheme’ has been worked out for Space Sector in lieu of Production-Linked Incentive Scheme.

In order to encourage use of space technology, IN-SPACe devised a seed fund scheme and provided grant to the six Indian start-ups to develop products and services in the sectors i.e. Agriculture, Disaster management and Urban Development using space technology. The details of the start-ups are M/s ARMS4AI, M/s mistEO, M/s Augtual (Fabric), M/s Hyspace, M/s Xovian and M/s Seagull.

This information was given by Union Minister of State (Independent Charge) for Science and Technology, Minister of State (Independent Charge) for Earth Sciences, MoS PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr. Jitendra Singh in a written reply in the Lok Sabha today.

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