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Space

About Space

A new sector identified for providing impetus to the goal of a $5 trillion economy by 2024-25 is the Space Sector. During the budget speech 2019, Finance Minister of India has announced the birth of a new public sector enterprise in the space sector, called New Space India Limited (NSIL), which would function as the commercial arm of India Space Research Organization (ISRO). NSIL is expected to transfer Small Satellite technology to industry. There are major plans for the future, where the industry engagement would take place in the arena of the manufacture of Small Satellite Launch Vehicle (SSLV) and productionisation of Polar Satellite Launch Vehicle (PSLV) through the Indian Industry.

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