Discuss the functions of newly floated New Space India Limited by ISRO and its relevance for India’s space development. (200 Words)
Refer - Business Line
Enrich the answer from other sources, if the question demands.
K. V. A 5 years
Pls review
IAS Parliament 5 years
Good answer. Keep Writing.
IAS Parliament 5 years
KEY POINTS
Functions of NSIL
· NSIL will be the commercial arm of ISRO and a wholly-owned Government of India undertaking / Central Public Sector Enterprise.
· It was incorporated for commercially utilising research and development activities carried out by ISRO in the area of space with an authorised share capital of Rs. 100 crore and initial paid-up capital of Rs. 10 crore.
· Specifically, it will be responsible for manufacturing and production of Small Satellite Launch Vehicle (SSLV) and Polar Satellite Launch Vehicle (PSLV) through technology transfer mechanisms.
· It will also meet the emerging global commercial SSLV-market demand providing satellite building and satellite-based services, including supply of sub-systems for various domestic and international application needs.
· It will also enable space technology spin-offs through Indian industry interface.
Relevance
· To enable industries scale up high-technology manufacturing and production base for Indian space programme.
· Reduces the work load of Antrix and enables the participation of private sector in Indian space industry making it more competitive.
· NSIL will act as an aggregator for all space-related activities in industry and develop private entrepreneurship in space related technologies.
G. Indhumathi Balamurugan 5 years
Please review my answer ...
IAS Parliament 5 years
Good answer. Keep Writing.
N.k 5 years
Review
Thanks
IAS Parliament 5 years
Good answer. Keep Writing.
