States race to attract Space sector investments with policies, incentives, dedicated parks

Chennai, Aug. 11 -- Designing space sector-specific policies, offering incentives, and setting up aerospace parks and centres of excellence are among the actions various Indian states are taking to attract investments.

Leading the race are states such as Tamil Nadu, Karnataka, Gujarat, and Andhra Pradesh. Most of these states already have a strong base in the space industry, with the Indian Space Research Organisation (ISRO) and private players-rocket and satellite manufacturers-having facilities there.

Meanwhile the state policies provide for setting up of clusters, space parks and others apart from offering tax incentives for the investors. Recently, Andhra Pradesh,the state where India's rocket port is located- came out with its space ...