New Delhi, Jan 2 (KNN) For the upcoming fiscal budget, industry body of space tech players has urged the government to introduce a production-linked incentive (PLI) scheme for the space tech manufacturers.

This request has been raised by SatCom Industry Association of India (SIA-India), whose members include Dhruva Space, Astrogate, GalaxEye, and others, reported Money Control.

“PLI will not only encourage domestic manufacturers but it will also attract foreign space companies to manufacture in India,” said SIA-India in a memorandum.

It emphasised on how foreign companies can establish their presence by partnering with Indian startups in order to be part of space ecosystem in India.

Following the launch of numerous private satellite in 2022, including its first private rocket launch, the industry is now hoping for increased government attention in the upcoming budget to help the sector grow even more.  (KNN Bureau)