Budget 2026: Space Startups Demand Early Govt Orders, Tax Reforms

Business
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Moneycontrol•05-01-2026, 13:25
Budget 2026: Space Startups Demand Early Govt Orders, Tax Reforms
- •Indian space startups seek early government purchase commitments and simpler regulations for Budget 2026.
- •Anirudh Sharma (Digantara) highlights the absence of early government buyers as a major bottleneck, stressing the need for customers over grants.
- •The current procurement system favors mature technologies, forcing startups to self-fund risky development phases without government support.
- •Keyur Gandhi (Dhruva Space) advocates for targeted tax reforms, including dedicated HSN/SAC codes and SEZ-equivalent benefits, to reduce GST burdens and improve economic viability.
- •These reforms aim to unlock working capital, attract investment, and make Indian space companies globally competitive.
Why It Matters: Budget 2026: Space startups demand early government orders and tax reforms for growth.
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