NewSpace India Limited to operate space assets of ISRO 

NewSpace India Limited to operate space assets of ISRO 

Part of: GS Prelims and GS-II – Policies and interventions & GS-III – Space; Sci & Tech

In news

• The NewSpace India Limited will own and operate capital intensive space assets of ISRO as part of the space reforms process. 

Key takeaways 

• NewSpace India Limited is in advance stage of discussion with the Department of Space to take ownership of two new communication satellites for commercial purpose.
• The transponders on these satellites will be leased to the private companies with DTH and Broadband services.

Important value additions 

• NewSpace India Limited (NSIL) is a Public Sector Enterprise (PSE) of Government of India. 
• It is a commercial arm of Indian Space Research Organisation (ISRO) and a subsidiary company of Department of Science.
• Established in: 2019 
• Administrative control: Department of Space (DoS) and the Company Act 2013. 
• Objective: To scale up industry participation in Indian space programmes.
• Headquarter: Bengaluru.

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