New Space India Limited

New Space India Limited, incorporated in 2019 (under the Companies Act, 2013) is a wholly owned Government of India company, under the administrative control of Department of Space (DOS). It was established in 2019.
NSIL is the commercial arm of ISRO with the primary responsibility of enabling Indian industries to take up high technology space related activities.
It is also responsible for promotion and commercial exploitation of the products and services emanating from the Indian space programme.
NSIL will be the nodal agency for carrying out PSLV production through Indian Industry under consortium route. The industry consortium will be responsible for producing, assembling and integrating the launch vehicle, by making use of the existing ISRO facilities under the Government-Owned Contractor-Operated (GOCO) model.
The major business areas of NSIL include:
- Production of Polar Satellite Launch Vehicle (PSLV) and Small Satellite Launch Vehicle (SSLV) through industry;
- Production and marketing of space-based services, including launch services and space-based applications like transponder leasing, remote sensing and mission support services;
- Building of Satellites (both Communication and Earth Observation) as per user requirements.
- Transfer of technology developed by ISRO centres/ units and constituent institutions of Dept. of Space;
- Marketing spin off technologies and products/ services emanating out of ISRO activities
- Consultancy services.

The Union Cabinet has approved the transfer of 10 in-orbit communication satellites from Government of India (Gol) to NewSpace India Ltd., a wholly owned Public Sector Enterprise of GOI under the administrative control of the Department of Space.
The Union Cabinet has also approved increasing the authorized share capital of NSIL from Rs.1000 crore to Rs.7500 crore.
Transfer of these assets to NSIL will further provide the desired financial autonomy to the company to realize capital intensive programmes/ projects and thereby offering huge employment potential and technology spin-off to other sectors of the economy. This approval is expected to trigger domestic economic activity in the space sector and increase India’s share in the global space market.
The Space Sector reforms mandated NSIL to undertake end-to-end commercial space activities and function as a full-fledged satellite operator.
NSIL functioning as a single-window operator will also facilitate the ease of doing business in space sector.

Reference

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