ISRO forms new commercial arm named NSIL to exploit the organisation's R&D work

ISRO has formed the NewSpace India Limited (NSIL), a public sector undertaking (PSU) that will commercially exploit the research and development work of the space agency, co-produce PSLV and launch satellites through SSLVs, the government said on Thursday.

The functions of NSIL will involve small satellite technology transfer to industry, manufacturing 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).

The new company will also look after the productionisation and marketing of space-based products and services, including 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.

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.

"NSIL would enable Indian Industries to scale up high-technology manufacturing and production base for meeting the growing needs of the Indian space program and would further spur the growth of Indian industries in the space sector," he said.

Antrix Ltd is another PSU under the Department of Space that acts as a commercial arm of ISRO.

What Is The Full Form Of Isro?

Indian Space Research Organisation

The Indian Space Research Organisation is the space agency of the Government of India headquartered in the city of Bengaluru. Its vision is to "harness space technology for national development while pursuing space science research and planetary exploration."

• Headquarters: Bengaluru
• Founder: Vikram Sarabhai
• Founded: 15 August 1969
• Director: Kailasavadivoo Sivan
• Subsidiary: Vikram Sarabhai Space Centre