Recognise space sector as critical infrastructure, Indian Space Association says in its Budget wish list
GS3Economy · S&T · Environment · Security· Space technology (ISRO, missions)· Prelims + Mains·
Why in news
The Indian Space Association (ISpA) submitted a budget wish list recommending the recognition of the space sector as critical infrastructure and proposing a 50% government procurement mandate from private entities.
Background
The Indian Space Association (ISpA) proposed a 50% government procurement mandate for space-based services, hardware, and missions from Indian private entities. The proposal includes tax holidays, R&D tax credits, and accelerated depreciation on space assets to boost competitiveness.
Facts for Prelims
- FactISpA proposed a 50% government procurement mandate from Indian private entities for space-based services and hardware.
- FactISpA recommended using only empanelled Indian companies for satellite imagery and geospatial data.
- FactProposed fiscal measures include R&D tax credits, capital investment tax credits, and accelerated depreciation on space assets.
For Mains
Q. Discuss the significance of designating the space sector as critical infrastructure and the role of public-private partnerships in achieving India's space ambitions.
Dimensions to cover in your answer
- Fiscal incentives: Balancing Production Linked Incentive (PLI) schemes with long-term R&D sustainability
- Market protection: Balancing the use of empanelled Indian companies with global competition in geospatial data
- Infrastructure status: Legal and security implications of designating space as critical infrastructure
Keywords: Critical Infrastructure · Public-Private Partnership · Production Linked Incentive · Space Economy · Fiscal Incentives
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