It was established on 6 March 2019 under the administrative control of 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.
Genesis of NSIL
Space activities in India, from the very inception, had the participation of Indian industry, with over 500 of them currently working with Indian Space Research Organisation (ISRO).
To meet the ever-increasing demands of the Indian space programme and to commercially exploit the emerging global space market, Indian Industries need to scale up their manufacturing and production base.
In order to commercially exploit the products and services emanating from the Indian Space Programme, the “NewSpace India Limited (NSIL)” has been incorporated in March 2019, as a wholly-owned Government of India Company, under the administrative control of Department of Space (DOS).
NSIL currently has an authorized share capital of ₹ 100 crore and paid-up capital of ₹ 10 crore. NSIL is the commercial arm of Indian Space Research Organisation (ISRO).
Vision
Excel in providing space related products and services emanating from Indian Space Programme to global customers and to further spur the growth of Indian Industry in undertaking technologically challenging space related activities.
Mission
Enabling Indian Industries to scale up high-technology manufacturing base for space programme through technology transfer mechanisms, catering to emerging global commercial small satellite launch service market, satellite services for various domestic and international application needs and enabling space technology spin-offs for betterment of mankind through industry interface.
Mandate of NSIL includes following Space Business Activities:
Owning satellites for Earth Observation and Communication applications and providing space based services
Building satellites and launching them as per demand
Providing Launch Services for satellite belonging to customer
Building launch vehicles through Indian Industry and Launch as per satellite customer requirement
Space based Services related to Earth Observation and Communication satellites on commercial basis
Satellite building through Indian Industry
Technology Transfer to Indian Industry
Marketing spin-off technologies and products/ services emanating out of ISRO’s activities.
