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

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

India to move towards harnessing .....

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..... its 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 be .....

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..... en 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- .....

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..... 20 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. Tim .....

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..... e 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 market .....

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..... ing of space products, the Minister added.
News - Press release - PIB .....

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