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New Space India Ltd.

  • IASbaba
  • March 9, 2020
  • 0
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New Space India Ltd.

Part of: GS Prelims and GS-III- Economy

In News:

  • It is the Department of Space’s second commercial arm (after Antrix) that was announced in Budget 2019.
  • Its objective is to use research and development carried out by ISRO over the years for commercial purposes through Indian industry partners.
  • One of the mandates of NSIL aims to mass-produce and manufacture the SSLV and the more powerful PSLV in partnership with the private sector in India through technology transfers.
  • It differs from ISRO’s existing commercial arm Antrix Corporation:
    • Antrix will handle ISRO’s commercial deals for satellites and launch vehicles with foreign customers.
    • NSIL will deal with capacity building of local industry for space manufacturing.

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