Chennai, Jan. 19 -- A comprehensive new Space Act, statutory position for Indian National Space Promotion and Authorisation Centre (IN-SPACe), infrastructure status for the industry, increasing the foreign direct investment (FDI) limits under automatic route, productivity linked incentive scheme (PLI), tax holiday are some of the 2026-27 union Budget wishlist submitted by the industry body Indian Space Association (ISpA).
ISpA is an industry association of private space companies .
As India stands at the threshold of becoming a global space power, with private sector participation enabled under the Space Policy 2023, the next critical step is fiscal, regulatory and structural support to accelerate growth and position India among the top t...