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ISpA hails FM for exempting GST on private satellite launch services

“We welcome the decision of Hon’ble Finance Minister Nirmala Sitharaman to exempt GST on satellite launch services by private organizations. This step will give a financial relief to the players and will incentivise growth of this nascent sector. This was one of our pre-budget recommendations and we believe it will help enable the growth of indigenous launch capabilities and ensure a level playing field for all.

The satellite launch segment has become a key focus area for Indian startups and SMEs, driving innovation and seeking new revenue opportunities. According to the ISpA-EY report, the space launch segment is expected to grow rapidly by 2025, with a CAGR of 13%, which will be fueled by increased private participation, advanced technology adoption, and cost-effective launch services.”

Lt. Gen. AK Bhatt (retd.), Director General, Indian Space Association (ISpA):

CT Bureau

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