Presenting the General Budget 2019-20 in the Parliament, Union Minister of Finance said that a Public Sector Enterprise viz. New Space India Limited (NSIL) has been incorporated.
About:
Parent agency: New Space India Limited (NSIL) has been incorporated as a new commercial arm of Department of Space to tap the benefits of the Research & Development carried out by ISRO.
Mandate: The Company will spearhead commercialization of various space products including production of launch vehicles, transfer to technologies and marketing of space products.
Headquarters:
Financial administration: NSIL has an authorised capital of ₹10 crore and a paid up capital of ₹1 crore.
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