New Space India Ltd incorporated as new commercial arm of Isro

James Marshall
July 5, 2019

In a major boost to India's space research sector, Finance Minister Nirmala Sitharaman on Friday announced that the Indian Space Research Organisation (ISRO) will have a new commercial arm, New Space India Limited (NSIL), to help the Indian space agency commercialise its launch vehicle and other state of the art technologies in the global space market. "To harness India's space ability commercially and a public sector enterprise, New Space India Limited (NSIL) has been incorporated to tap benefits of ISRO", she said. It is time to harness our ability commercially.

Earlier in March, Prime Minister Narendra Modi had, in an address to the nation, announced that India "has registered its name as a space power" by shooting down a Low Earth Orbit (LEO) satellite, which was a pre-determined target.

The Company will spearhead commercialization of various space products including the production of launch vehicles, transfer to technologies and marketing of space products.

"We expect the demand for SSLV to be about two/three rockets per month". NSIL, about which TOI first reported in February, will be in addition to Isro's commercial arm Antrix, which sells additional space in launch vehicles to foreign firms or countries for launching their small satellites. "Thereafter, private companies will be given the contract to build them", Isro chairman K Sivan had told TOI.

The Indian space agency can also manufacture satellites for interested parties.

Presently, the lithium ion battery is the most dominant battery system finding applications for a variety of societal needs, including mobile phones, laptops, cameras and many other portable consumer gadgets apart from industrial applications and aerospace.

The Budget Estimates for Department of Space for Financial Year 2019-20 is Rs 12,473.26 crore as compared to the Revised Estimates of Rs 11,200 crore in Financial Year 2018-19.

Other reports by Click Lancashire

Discuss This Article