Major Space Initiatives By India: NewSpace India Ltd (NSIL)

  • Formation: It was established in 2019 under the administrative control of the Department of Space.
  • What is it?: NSIL is the commercial arm of the Indian Space Research Organisation (ISRO) with the primary responsibility of enabling Indian industries to take up high-technology space-related activities.
  • Headquarters: Bengaluru
  • Objectives
    • Owning satellites for Earth Observation and Communication applications and providing space-based services
    • Building satellites and launching them as per demand
    • Providing Launch Services for satellites belonging to the customer
    • Building launch vehicles through the Indian Industry and launch as per satellite customer requirement
    • Space-based Services related to Earth Observation and Communication satellites on a commercial basis
    • Satellite building through Indian Industry
    • Technology Transfer to Indian Industry
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