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India to move towards harnessing its space capability commercially, New Space India Limited (NSIL) incorporated towards this end

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....ndia to move towards harnessing its space capability commercially, New Space India Limited (NSIL) incorporated towards this end <br>Budget<br>Dated:- 5-7-2019<br><BR>India to move towards harnessing i....

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....ts space capability commercially, New Space India Limited (NSIL) incorporated towards this end Company to spearhead commercialization of various space products New Space India Limited (NSIL) has bee....

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....n incorporated as a new commercial arm of Department of Space. This was stated by the Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, while presenting the Union Budget 2019-2....

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....0 in Parliament today. The Finance Minister said that India has emerged as a major space power with the technology and ability to launch satellites and other space products at globally low cost. Time....

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.... has come to harness this ability commercially. A Public Sector Enterprise viz. New Space India Limited (NSIL) has been incorporated as a new commercial arm of Department of Space to tap the benefits ....

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....of the Research & Development carried out by ISRO. The Company will spearhead commercialization of various space products including production of launch vehicles, transfer of technologies and marketi....

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....ng of space products, the Minister added.<BR> News - Press release - PIB....