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GOVERNMENT OF INDIA
MINISTRY OF SPACE
LOK SABHA
UNSTARRED QUESTION NO: 3811
ANSWERED ON:  11.12.2019
Commercialising R&D of ISRO
Sudhakar Tukaram Shrangre
Will the Minister of



SPACE be pleased to state:-


(a) whether the Government proposes to set up a new company to commercially exploit the Research and Development (R&D) work of Indian Space Research Organisation (ISRO);
(b) if so, the details thereof;
(c) the time by which the new company is likely to start its operations?


ANSWER
THE MINISTER OF STATE IN THE MINISTRY OF PERSONNEL, PG & PENSIONS AND IN THE PRIME MINISTER’S OFFICE
(DR. JITENDRA SINGH):

(a) A new company by name, “NewSpace India Limited (NSIL)”, has been incorporated on 06th March 2019, as a wholly owned Government of India Undertaking / Central Public Sector Enterprise (CPSE), under the administrative control of Department of Space (DOS) to commercially exploit the research and development work of Indian Space Research Organisation (ISRO) Centres and constituent units of DOS.

(b) The business activities of NSIL are mainly driven towards enabling Indian industries to productionise space systems through technology transfer mechanisms and to exploit the commercial opportunities emanating from the Indian space programme.

(c) NSIL has commenced its commercial business operations since its incorporation.

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