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Govt chalking out plans for dedicated space parks
Business Standard|December 21, 2024
Move key to achieving goal of $11 bn space-related export by 2033
- SUBHAYAN CHAKRABORTY
Govt chalking out plans for dedicated space parks

The central government is again looking into the feasibility of setting up dedicated industrial areas for the subsidized manufacturing and development of space technology, two years after the proposal was raised in inter-ministerial meetings.

The Department of Telecommunications (DoT) and Ministry of Electronics and Information Technology (Meity) has received industry representation on it, officials said.

The government is keen to ramp up the local manufacturing of indigenously designed satellite components, launch vehicles, and geospatial navigation and monitoring systems.

While a Production Linked Incentive scheme (PLI)-like scheme is not envisaged at the moment, other plans are being examined, officials clarified.

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Govt chalking out plans for dedicated space parks
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