To commercially exploit the low-priced space technologies developed by Isro, finance minister Nirmala Sitharaman, as part of her Budget speech on Friday, said a new public sector enterprise has been set up.
Finance Minister Nirmala Sitharaman said that the new entity would be responsible for marketing of space products, transfers of technology and arranging commercial space launches with ISRO.
However, the head under space technology has seen a hike of almost Rs 1,400 crore.
This new arm will also look into the constituent's units developed by the Department of Space. The commercialisation of space technologies had received impetus during the first term of the Modi government.Читайте также: Kevin Spacey’s accuser drops civil lawsuit against the actor
On June 3, the Chairman of ISRO Sivan had said that India is planning to set up its own space station. "Time has come to harness this ability commercially", the Finance Minister said adding that "The company will spearhead commercialisation of various space products". While NSIL will be a public sector enterprise, it will aid ISRO to tackle the benefits of its research and development. The Indian space program under the DoS aims to promote the development and application of space science and technology for the socio-economic benefit of the country.
NSIL would be at the helm of producing Small Satellite Launch Vehicle (SSLV) and Polar Satellite Launch Vehicle (PSLV) to cater to the increasing global SSLV market demand. This means spin-off of technologies, products, and services delivered both in India and foreign nations.
NSIL will act in the presence of another commercial arm of ISRO, Antrix, which has been carrying out all the commercial business of the Indian space agency.
The initiative is expected to enable Indian industries to scale up high-technology manufacturing and production base for meeting the growing needs of Indian space programmes and would further spur the growth of Indian industries in the space sector.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
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