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- NewSpace India Ltd has invited expressions of interest from one or more experienced companies to produce PSLV satellite launch vehicles.
- Polar Satellite Launch Vehicle (PSLV) is an indigenously-developed expendable launch system of the ISRO. It is the first Indian launch vehicle to be equipped with liquid stages.
- It comes in the category of medium-lift launchers with a reach up to various orbits, including the Geo Synchronous Transfer Orbit, Lower Earth Orbit, and Polar Sun Synchronous Orbit.
- New Space India Limited (NSIL) was set up in March 2019. It is a Central Public Sector Enterprise (CPSE), under the administrative control of Department of Space (DOS).
- The NSIL has been set up to meet the increasing demands of Indian space programmes and to commercially exploit the emerging global space market.
- The main functions of NSIL are: a) Manufacture of Small Satellite Launch Vehicle (SSLV) in collaboration with Private Sector, b) production of Polar Satellite Launch Vehicle (PSLV) through Indian Industry, c) production and marketing of Space based products and services, including launch and application, d) Transfer of technology developed by ISRO Centres and constituent units of DOS and e) Marketing spin-off technologies and products/services, both in India and abroad.
- 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).
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