Private sector space players demands government relief on FDI and GST exemption After India created history through Chandrayaan-3’s soft landing on the moon last year, the booming private sector space industry in the country is pinning hopes on this year’s interim Budget.

The sector is upbeat that the Centre will open up foreign direct investment (FDI), introduce a production-linked incentive (PLI) scheme and give goods and services tax (GST) exemption to satellites, launch vehicles and ground equipment manufacturing.