New Space India Limited (NSIL)
• It was founded in 2019, by Department of Space (DoS) to bridge gap between ISRO and private sector and facilitates transfer of ISRO technologies to industry
• It is a wholly-owned Government of India company, under the administrative control of DoS
• It will not replace ANTRIX, a private limited company owned by Government of India in 1992 as a Marketing arm of ISRO
• It is a Central PSU under DoS
• 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
• Vision:
• build launch vehicle
• providing launch services, build satellites
• providing space-based services
• technology transfers
space-related products
services to global customers
spur the growth of Indian Industry in undertaking technologically challenging space-related activities
• NSIL’s main purpose is to market the technologies developed by ISRO and bring it more clients that need space-based services
• That role, incidentally, was already being performed by Antrix Corporation, another PSU working under the Department of Space, and which still exists
