NewSpace India Ltd. (NSIL) new commercial arm of ISRO

On May 23, the NewSpace India Ltd. (NSIL) has officially inaugurated in Bengaluru, Karnataka to scale up industry participation in Indian space programmes. It is the commercial arm of Indian Space Research Organisation (ISRO). NSIL will act as an aggregator for all space related activities in industry and develop private entrepreneurship in space related technologies. Specifically, it will be responsible for manufacturing the and production of Small Satellite Launch Vehicle (SSLV) and Polar Satellite Launch Vehicle (PSLV) through technology transfer mechanisms. It will also cater to emerging global commercial SSLV market demand, providing satellite building and satellite-based services, including supply of sub-systems for various domestic and international application needs and will enable space technology spin-offs through Indian industry interface.