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Union Budget 2025: FM allocates Rs 100 crore for geospatial mission; space startups see opportunity

Economic Times · 1m

The government has allocated Rs 100 crore for the National Geospatial Mission in the Union Budget, aiming to enhance geospatial infrastructure and data, benefiting space and UAV startups. This initiative supports modernizing land records, and urban planning, and relies on precise geospatial mapping via PM Gati Shakti. The mission is expected to boost Earth Observation startups and contribute to economic growth. Space startups also welcomed the reduction in customs duties for launch vehicle goods.