Gujarat To Support Space Tech Sector Industries With Incentives And Financial Assistance

The 'SpaceTech Policy 2025-2030' envisages fiscal and non-fiscal support for all space sector activities, including manufacture of satellite payloads and parts, communication and propulsion systems, ground stations, satellite control centres and space-based application design

The Gujarat government announced a dedicated policy to support space tech sector industries through various incentives and fiscal assistance.

With the launch of 'SpaceTech Policy 2025-2030', Gujarat has become the first state in India to have a dedicated policy for the space sector, an official release said.

The policy envisages fiscal and non-fiscal support for the entire gamut of space sector activities ranging from manufacturing of satellite payloads and parts, including communication and propulsion systems, ground stations, satellite control centres and space-based application design, it said.

"For effective implementation of this policy, the Gujarat government will collaborate with Indian Space Research Organisation (ISRO), Indian National Space Promotion and Authorization Centre or IN-SPACe and Department of Space of the Union government. The state will also strive to establish a Centre for Excellence in Space Technologies to impart skill development, promote research and innovation," it said. The government will work closely with INSPACe and Department of Space to develop a space manufacturing park with common technical facilities providing a strong platform and critical impetus to propel the growth of enterprises in the space sector, said the release.