ISRO forms new PSU to co-produce PSLV, launch satellites through SSLVs

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[br] [br][br]A public sector undertaking that will commercially exploit the research and development work of the space agency has been formed by the Indian Space Research Organisation (ISRO).[br][br]Referred to as the NewSpace India Limited (NSIL), the PSU will co-produce PSLV and launch satellites through SSLVs, the government said on Thursday.[br][br]The functions of NSIL will involve small satellite technology transfer to industry, manufacture of Small Satellite Launch Vehicle (SSLV) -- a product which is being developed by the ISRO -- in collaboration with the private sector and production of Polar Satellite Launch Vehicle (PSLV) through Indian industry.In addition, the new company will also look after the production and marketing of space-based products and services.[br][br]These servises include launch and application, developed by ISRO centres and the constituent units of the Department of Space and marketing spin-off technologies and products and services both in India and abroad.[br][br]Minister of State in the Prime Minister's Office Jitendra Singh shared this information in a written response to a question in the Rajya Sabha.[br][br]"NSIL would enable Indian Industries to scale up high-technology manufacturing and production base for meeting the growing needs of Indian space programme and would further spur the growth of Indian industries in the space sector," he said.[br][br]Antrix Ltd is another PSU under the Department of Space that acts as a commercial arm of the ISRO.[br][br]First pictures of ISRO's Chandrayaan 2 released[br][br]IndiaTVNews

irfan_kolkata

Nice share