NewSpace India Limited
 | |
| Company type | Public Sector Undertaking |
|---|---|
| Industry | |
| Founded | 6 March 2019 [1] |
| Headquarters | HFSC Building, ISRO HQ, New BEL Road, , |
Key people | Radhakrishnan Durairaj (CMD) A. Arunachalam (Director, Technical & Strategy) [2] |
| Services |
|
| Owner | Department of Space (DoS) [3] |
| Website | nsilindia.co.in |
NewSpace India Limited (NSIL) is a Public Sector Undertaking (PSU) of Government of India and commercial arm of Indian Space Research Organisation (ISRO).[4] NSIL is responsible for producing, assembling and integrating the launch vehicle with the help of industry consortium. It was established on 6 March 2019 under the administrative control of Department of Space (DoS) and the Company Act 2013. The main objective of NSIL is to scale up private sector participation in Indian space programmes.[5][6][7]
Objectives
NSIL was setup with the following objectives:[8]
- Transfer of Small Satellite technology to industry: NSIL will obtain license from DoS/ISRO and sub-license the same to industry
- 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 of spin-off technologies and products/services, both in India and abroad
Contracts
In 2022, NSIL executed a contract with OneWeb to launch 36 satellites to low earth orbit for their satellite internet constellation. NSIL again successfully deployed another set of 36 OneWeb satellites on 26 March 2023.[9][10]
The Ministry of Defence signed a ₹3,000-crore agreement with NSIL, a subsidiary of the Indian Space Research Organisation (ISRO), for the procurement of the advanced communication satellite, GSAT 7B, to meet the requirements of the Indian Army.[4][11]
References
- ^ "New Company for Commercial Exploitation of Research and Development (Under The Company Act 2013)". 27 June 2019. Retrieved 21 December 2019.
- ^ "NSIL functional directors". Retrieved 15 July 2020.
- ^ "NSIL About Us". Retrieved 21 December 2019.
- ^ a b "Army set to get its own satellite worth ₹3,000 crore by 2026". Hindustan Times. 29 March 2023. Retrieved 31 March 2023.
- ^ "ISRO's new commercial arm NewSpace India officially inaugurated". smartinvestisor.business-standard.com. The Smart Investor. 27 August 2019. Archived from the original on 27 August 2019. Retrieved 27 August 2019.
- ^ "NewSpace India Limited (NSIL) - ISRO". www.isro.gov.in. Retrieved 30 April 2022.
- ^ Narasimhan, T. E. (5 July 2019). "Budget 2019: FM hikes Dept of Space outlay, pushes for commercialisation". Business Standard India. Archived from the original on 27 August 2019. Retrieved 27 August 2019.
- ^ "NewSpace India Limited". Press Information Bureau, Government of India. 24 July 2019. Retrieved 26 August 2019.
- ^ "Successful launch of 36 OneWeb Satellites with ISRO/NSIL marks key milestone to enable global connectivity". OneWeb. 27 March 2023. Archived from the original on 26 March 2023. Retrieved 27 March 2023.
- ^ "PM Modi congratulates ISRO for launch of 36 satellites". Hindustan Times. 26 March 2023. Retrieved 31 March 2023.
- ^ "Ministry of Defence signs 3 contracts worth Rs 5,400 crore to boost defence capabilities". India Today. Retrieved 31 March 2023.
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