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ISRO establishes public sector company to launch satellites via SSLVs

Image Courtesy: Deccan Herald

India: Indian Space Organisation ISRO establishes NewSpace India Limited (NSIL), a new public sector undertaking (PSU) to exploit the research and development work of the space agency, co-produce PSLV and launch satellites through SSLVs, reports PTI.

The main task of this PSU will involve the transfer of small technology to industry, manufacture of Small Satellite Launch Vehicle (SSLV) that being developed jointly by the private sector and productionisation of Polar Satellite Launch Vehicle (PSLV) through Indian industry.

The new venture will not only look after the mass production and marketing of space-based products and services but also launch an application developed by the space organization’s centers and the constituent units of the Department of Space and marketing spin-off technologies and products and services both in India and abroad.

Jitendra Singh, Minister of state in the Prime Minister’s Office, said, “NSIL would enable Indian Industries to scale up high-technology manufacturing and production base for meeting the growing needs of the Indian space program and would further spur the growth of Indian industries in the space sector.”