NEW SPACE INDIA LIMITED

25, Jul 2019

Prelims level : Governance- Institutional Reforms; Science & Technology- Space Technology Mains level : GS-II- Government policies and interventions for development in various sectors and issues arising out of their design and implementation.
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Why in News?

  • The Union Government has set up New Space India Limited (NSIL), a wholly-owned Government of India undertaking/ Central Public Sector Enterprise (CPSE), under the administrative control of Department of Space (DOS)

Significance:

  • To commercially exploit the research and development work of Indian Space Research Organisation (ISRO) Centres and constituent units of DOS.
  • The emergence of NSIL would spur the growth of Indian industries in the space sector and enable Indian industries to scale up manufacturing and production base.

Roles and functions:

  • Small Satellite technology transfer to industry, wherein NSIL will obtain license from DOS/ISRO and sub-license it to Industries
  • Manufacture of Small Satellite Launch Vehicle (SSLV) in collaboration with Private Sector
  • Productionisation of Polar Satellite Launch Vehicle (PSLV) through Indian Industry
  • Productionisation 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 spin-off technologies and products/services, both in India and abroad
  • any other subject which Government of India deems fit.
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