India’s Private Satellite Launch Firms to Receive Financial Boost from GST Exemption

  • The Indian government exempts private satellite launch services from goods and services tax (GST), according to Finance Minister Nirmala Sitharaman.
  • This move aids the expansion of the satellite launch sector following reforms opening the space sector to private companies from 2020.
  • Industry estimates predict the space launch segment to grow 13% annually by 2025 due to advancements in tech and availability of cost-effective services.
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