Govt exploring the possibility of setting up dedicated space parks

Move may be key to achieving Centre's goal of $11 billion space-related export by 2033

The central government is again looking into the feasibility of setting up dedicated industrial areas for the subsidised manufacturing and development of space technology, two years after the proposal was raised in inter-ministerial meetings.

 

The Department of Telecommunications (DoT) and Ministry of Electronics and Information Technology (MEITY) has received industry representation on it, officials said.

 

The government is keen to ramp up the local manufacturing of indigenously designed satellite components, launch vehicles, and geospatial navigation and monitoring systems.

 

While a Production Linked Incentive scheme (PLI)-like scheme is not envisaged at the moment, other plans are being examined, officials clarified.

 

“There