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India constitutes New Space India Limited to commercialize space ops

International   |   Glibs Quick   |   Nov 21, 2019, 17:38 PM

A new company by name, “New Space India Limited (NSIL)” as a wholly owned Government of India Undertaking / Central Public Sector Enterprise (CPSE) to commercially exploit research and development work of ISRO. Mandate of NSIL includes viz. (i)  Small Satellite technology transfer to industry (ii) Manufacture of Small Satellite Launch Vehicle (SSLV) in collaboration with Private Sector; (iii) Production of Polar Satellite Launch Vehicle (PSLV) through Indian Industry; (iv) Production and marketing of Space based services, including launch and application; (v) Transfer of technology (vi) Marketing of spin-off technologies and products, both in India and abroad.

 

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