New Space India Limited (NSIL)

Prelims level : Space Technology Mains level : Awareness In The Fields Of It, Space, Computers, Robotics, Nano-Technology, Bio-Technology
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Why in news?

  • New Space India Limited (NSIL) has been incorporated as a wholly owned GoI Undertaking/Central Public Sector Enterprise (CPSE).
  • Antrix Ltd is another PSU under the Department of Space that acts as an commercial arm of the ISRO

New Space India Limited (NSIL):

  • It functions under the administrative control of Department of Space (DOS).
  • It aims to commercially exploit the research and development work of ISRO Centres and constituent units of DOS.
  • The NSIL would enable Indian Industries to scale up high-technology manufacturing and production base for meeting the growing needs of Indian space programme/
  • It would further spur the growth of Indian Industries in the space sector.

Functions of NSIL:

  • 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;
  • Production of Polar Satellite Launch Vehicle (PSLV) through Indian Industry;
  • Production 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
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