Company:New Space India Limited
From HandWiki
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| Type | Public Sector Undertaking |
|---|---|
| Industry | |
| Founded | 6 March 2019[1] |
| Headquarters | HFSC Building, ISRO HQ, New BEL Road, Bangalore, Karnataka , India |
Key people | Ms. Suma Devaki Ram (CMD) Mr. Radhakrishnan Durairaj (ED) [2] |
| Services |
|
| Owner | Department of Space[3] |
| Website | Official Website |
New Space India Limited (NSIL) is a Central Public Sector Enterprise of Government of India . It was established on 6 March 2019 under the administrative control of Department of Space (DOS), India. The main objective of NSIL is to scale up industry participation in Indian space programmes.[4]
Indian Finance Minister Nirmala Sitharaman in her Budget speech on 5 July 2019, mentioned the establishment of NSIL.[5]
Objectives
NSIL was setup with the following objectives.[6]
- Transfer of Small Satellite technology to industry: NSIL will obtain license from DOS/ISRO and sub-license the same to Industry
- Manufacture of Small Satellite Launch Vehicle (SSLV) in collaboration with Private Sector
- Production of Polar Satellite Launch Vehicle (PSLV) through Indian Industry
- Production and marketing of Space based products and services, including launch and application
- Transfer of technology developed by ISRO Centres and constituent units of DOS
- Marketing of spin-off technologies and products/services, both in India and abroad
References
- ↑ "New Company for Commercial Exploitation of Research and Development". 27 June 2019. https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1576000. Retrieved 21 December 2019.
- ↑ "NSIL functional directors". http://nsilindia.co.in/leadership. Retrieved 21 December 2019.
- ↑ "NSIL About Us". http://nsilindia.co.in/Aboutus. Retrieved 21 December 2019.
- ↑ "Isro's new commercial arm NewSpace India officially inaugurated - The Smart Investor". 2019-08-27. https://smartinvestor.business-standard.com/market/Marketnews-584409-storydet-Isros_new_commercial_arm_NewSpace_India_officially_inaugurated.htm#.XWU5b-OA7Dc.
- ↑ Narasimhan, T. E. (2019-07-05). "Budget 2019: FM hikes Dept of Space outlay, pushes for commercialisation". Business Standard India. https://www.business-standard.com/budget/article/budget-2019-fm-hikes-dept-of-space-outlay-pushes-for-commercialisation-119070500973_1.html.
- ↑ "New Space India Limited". Press Information Bureau, Government of India. 24 Jul 2019. https://pib.gov.in/newsite/PrintRelease.aspx?relid=192201. Retrieved 26 Aug 2019.
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