NewSpace India Limited

NewSpace India Limited (NSIL)
Company typePublic Sector Undertaking
Industry
Founded6 March 2019; 5 years ago (2019-03-06) [1]
HeadquartersHFSC Building, ISRO HQ, New BEL Road,
Bengaluru, Karnataka
,
India
Key people
Radhakrishnan Durairaj (CMD)
A. Arunachalam (Director, Technical & Strategy) [2]
Services
OwnerDepartment of Space (DoS) [3]
Websitensilindia.co.in

NewSpace India Limited (NSIL) is a Public Sector Undertaking (PSU) of the Government of India and under Department of Space.[4] NSIL is responsible for producing, assembling and integrating the launch vehicle with the help of industry consortium. It was established on 6 March 2019 under the administrative control of the Department of Space (DoS) and the Company Act 2013. The main objective of NSIL is to scale up private sector participation in Indian space programmes.[5][6][7]

  1. ^ "New Company for Commercial Exploitation of Research and Development (Under The Company Act 2013)". 27 June 2019. Archived from the original on 21 December 2019. Retrieved 21 December 2019.
  2. ^ "NSIL functional directors". Archived from the original on 15 July 2020. Retrieved 15 July 2020.
  3. ^ "NSIL About Us". Archived from the original on 21 December 2019. Retrieved 21 December 2019.
  4. ^ "Army set to get its own satellite worth ₹3,000 crore by 2026". Hindustan Times. 29 March 2023. Archived from the original on 8 June 2023. Retrieved 31 March 2023.
  5. ^ "ISRO's new commercial arm NewSpace India officially inaugurated". smartinvestisor.business-standard.com. The Smart Investor. 27 August 2019. Archived from the original on 27 August 2019. Retrieved 27 August 2019.
  6. ^ "NewSpace India Limited (NSIL) - ISRO". www.isro.gov.in. Archived from the original on 19 March 2022. Retrieved 30 April 2022.
  7. ^ Narasimhan, T. E. (5 July 2019). "Budget 2019: FM hikes Dept of Space outlay, pushes for commercialisation". Business Standard India. Archived from the original on 27 August 2019. Retrieved 27 August 2019.