NewSpace India Inagurated

May 25, 2019 May 25, 2019

The commercial arm of Indian Space Research Organisation (Isro), NewSpace India Limited (NSIL) was officially inaugurated at Bengaluru.

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.