State-owned NewSpace creates a flutter among space startups
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Recently,Union Cabinet had cleared a new business arm for the Department of Space(DoS) called NewSpace India Ltd.(NSIL).The government had registered NewSpace India Ltd.(NSIL) as a commercial entity under Department of Space(DoS).
NSIL is the second commercial entity of the Department of Space (DoS) after Antrix Corporation Limited which was set up in 1992 to market the products and services of the Indian Space Research Organisation (ISRO).
However,officials in the DoS and ISRO have been trying to figure out how exactly Antrix and newly created NSIL would operate their respective businesses in the same area.
The new company has following responsibilities which are (a)transfer technology to industry for producing the commercially successful PSLV spacecraft launchers (b)outsource assembly of small satellites and the upcoming Small Satellite Launch Vehicle (SSLV) and (c)to commercially exploit the R&D work done by ISRO centres and DoS constituents
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