NewSpace India Inagurated
The commercial arm of Indian Space Research Organisation (Isro), NewSpace India Limited (NSIL) was officially inaugurated at Bengaluru.
NewSpace India Limited
- NSIL aims to commercially utilise research and development activities carried out by ISRO in the area of space.
- It will act as an aggregator for all space-related activities in industry and develop private entrepreneurship in space-related technologies.
- NSIL will be responsible for manufacturing and production of Small Satellite Launch Vehicle (SSLV) and Polar Satellite Launch Vehicle (PSLV) through technology transfer mechanisms.
- NSIL will cater to emerging global commercial SSLV market demand, providing satellite building and satellite-based services, including the supply of sub-systems for various domestic and international application needs and will enable space technology spin-offs through Indian industry interface.
NSIL is expected to give thrust to the industry participation in Indian space programmes.