Space Commerce

The Union Government set up New Space India Limited (NSIL), a wholly owned Government of India undertaking under the administrative control of Department of Space (DOS) on 6th March, 2019 to commercially exploit the research and development work of Indian Space Research Organisation (ISRO) Centres and constituent units of DOS.

NSIL has the following roles and functions:

• Small satellite technology transfer to industry.
• Manufacture of Small Satellite Launch Vehicle (SSLV) in collaboration with private sector.
• Productionisation of Polar Satellite Launch Vehicle (PSLV) through Indian industry.
• Productionisation and marketing of space based products and services, including launch and application.
• Transfer of technology developed by ISRO centres and constituent units of Department of Space.
• Marketing spin-off technologies, products and services, both in India and abroad.
• NSIL would cater to the ever-increasing demands of Indian space programme and to commercially exploit the emerging global space market.It would also spur the growth of Indian industries in the space sector and enable Indian industries to scale up manufacturing and production base.