New Delhi: A new company by the name “New Space India Ltd” (NSIL) has been incorporated on 6 March 2019 as a wholly owned Government of India Undertaking/Central Public Sector Enterprise (CPSE), under the administrative control of the Department of Space (DoS) to commercially exploit the research and development work of Indian Space Research Organisation (ISRO).
The mandate of NSIL includes:
(i) Small Satellite technology transfer to industry wherein NSIL will obtain license from DoS/ISRO and sublicense it to industries;
(ii) Manufacture of Small Satellite Launch Vehicle (SSLV) in collaboration with the Private Sector;
(iii) Productionisation of Polar Satellite Launch Vehicle (PSLV) through the Indian Industry;
(iv) Productionisation and marketing of Space based services, including launch and application;
(v) Transfer of technology developed by ISRO Centres and constituent institutions of DOS;
(vi) Marketing of spin-off technologies and products, both in India and abroad; and,
(vii) Any other subject which the Government of India deems fit.
With the activity plan and the mandate set for NSIL, Indian industries are likely to see a major spur in their growth in the space sector.
This initiative is expected to further enable scaling up the manufacturing and production base in Indian industries towards meeting the growing needs of the Indian space programme and exploiting the opportunities available in the global space market.
All the involved technologies related to ISRO’s small satellite and its sub-systems that could be transferred to Indian industries for productionisation which eventually are expected to cater to national demand as well as commercial needs of the domestic and global markets.
This activity is also likely to give rise to several spinoff technologies that could be marketed nationally and globally.
Through the sale of products related to small satellites, subsystem technology, and the spinoff products in domestic and global markets, foreign exchange revenue will be generated.
This information was provided by the Union Minister of Space, Jitendra Singh, in a written reply to a question in Rajya Sabha on November 21.
Earlier in the day, Singh also said ISRO has drawn out a roadmap of lunar exploration missions, including Chandrayaan-3, to master the technologies required. This roadmap has been presented to the Space Commission.
Singh yesterday praised the Chandrayaan-2 mission and said the life of the Moon Orbiter had been increased to 7 years. All 8 state-of-the-art scientific instruments of the Orbiter are performing as per the design and providing valuable data to the scientific community, he added.
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