Company:NewSpace India Limited

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Short description: Public Sector Undertaking of Indian space agency

NewSpace India Limited (NSIL)
TypePublic Sector Undertaking
Industry
Founded6 March 2019; 5 years ago (2019-03-06) [1]
HeadquartersHFSC Building, ISRO HQ, New BEL Road,
Bengaluru, Karnataka
,
India
Key people
Radhakrishnan Durairaj (CMD)
A. Arunachalam (Director, Technical & Strategy) [2]
Services
OwnerDepartment of Space (DoS) [3]
Websitensilindia.co.in

NewSpace India Limited (NSIL) is a Public Sector Undertaking (PSU) of the Government of India and under Department of Space.[4] NSIL is responsible for producing, assembling and integrating the launch vehicle with the help of industry consortium. It was established on 6 March 2019 under the administrative control of the Department of Space (DoS) and the Company Act 2013. The main objective of NSIL is to scale up private sector participation in Indian space programmes.[5][6][7]

Objectives

NSIL was setup with the following objectives:[8]

  • 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

Contracts

In 2022, NSIL executed a contract with OneWeb to launch 36 satellites to low Earth orbit for their satellite internet constellation. NSIL again successfully deployed another set of 36 OneWeb satellites on 26 March 2023.[9][10][11]

The Ministry of Defence signed a ₹3,000-crore agreement with NSIL, a subsidiary of the Indian Space Research Organisation (ISRO), for the procurement of the advanced communication satellite, GSAT 7B, to meet the requirements of the Indian Army.[4][12]

References

  1. ↑ "New Company for Commercial Exploitation of Research and Development (Under The Company Act 2013)". 27 June 2019. https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1576000. 
  2. ↑ "NSIL functional directors". https://www.nsilindia.co.in/leadership. 
  3. ↑ "NSIL About Us". http://nsilindia.co.in/Aboutus. 
  4. ↑ 4.0 4.1 "Army set to get its own satellite worth ₹3,000 crore by 2026" (in en). 2023-03-29. https://www.hindustantimes.com/india-news/army-set-to-get-its-own-satellite-worth-rs-3-000-crore-by-2026-101680100260858.html. 
  5. ↑ "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. 
  6. ↑ "NewSpace India Limited (NSIL) - ISRO". https://www.isro.gov.in/about-isro/newspace-india-limited-nsil. 
  7. ↑ 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. 
  8. ↑ "NewSpace India Limited". Press Information Bureau, Government of India. 24 Jul 2019. https://pib.gov.in/newsite/PrintRelease.aspx?relid=192201. 
  9. ↑ "Successful launch of 36 OneWeb Satellites with ISRO/NSIL marks key milestone to enable global connectivity". OneWeb. 27 March 2023. https://oneweb.net/resources/successful-launch-36-oneweb-satellites-isronsil-marks-key-milestone-enable-global. 
  10. ↑ "PM Modi congratulates ISRO for launch of 36 satellites" (in en). 2023-03-26. https://www.hindustantimes.com/india-news/pm-modi-congratulates-isro-for-launching-batch-of-36-satellites-101679834524557.html. 
  11. ↑ Kandavel, Sangeetha (2023-03-26). "ISRO puts 36 OneWeb satellites in orbit" (in en-IN). The Hindu. ISSN 0971-751X. https://www.thehindu.com/sci-tech/science/isro-successfully-launches-heaviest-payload-rocket-mission-lvm3-m3-oneweb-india-2-carrying-satellites/article66663592.ece. 
  12. ↑ "Ministry of Defence signs 3 contracts worth Rs 5,400 crore to boost defence capabilities" (in en). https://www.indiatoday.in/india/story/ministry-of-defence-signs-3-contracts-worth-rs-5400-crore-to-boost-defence-capabilities-2353254-2023-03-30. 



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