NewSpace India Limited (NSIL)

NewSpace India Limited Latest News

As on date, M/s. NewSpace India Limited (NSIL) has signed 70 Technology Transfer Agreements to transfer technologies developed at ISRO to Industry.

About NewSpace India Limited

• NSIL, incorporated on 6 March 2019 (under the Companies Act, 2013) is a wholly owned Government of India company, under the administrative control of Department of Space (DOS). 
• It is the commercial arm of Indian Space Research Organisation (ISRO).
• Primary Responsibility:
  • Enabling Indian industries to take up high technology space related activities.
  • Promotion and commercial exploitation of the products and services emanating from the Indian space programme. 
• The major business areas of NSIL include:
  • Production of Polar Satellite Launch Vehicle (PSLV) and Small Satellite Launch Vehicle (SSLV) through industry.
  • Production and marketing of space-based services, including launch services and space-based applications like transponder leasing, remote sensing and mission support services.
  • Building of Satellites (both Communication and Earth Observation) as per user requirements.
  • Transfer of technology developed by ISRO centres/units and constituent institutions of the Dept. of Space.
  • Marketing spinoff technologies and products/services emanating out of ISRO activities.
  • Consultancy services.

Source: PIB

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