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Transfer Of 10 In-Orbit Communication Satellites To NewSpace India Ltd (NSIL)

Transfer Of 10 In-Orbit Communication Satellites To NewSpace India Ltd (NSIL):

The government has approved the transfer of 10 in-orbit communication satellites from the Government of India to NewSpace India Ltd (NSIL).

  • The entire GSAT series, except GSAT-7 and 7A, will go to NSIL, and thereby to companies intending to develop downstream satcom businesses. The new CMS (communication satellite) series is already operated by NSIL.
  • Increasing the authorised share capital of NSIL from Rs 1,000 crore to Rs 7,500 crore was also approved.
  • NSIL is a Central Public Sector Enterprise of the Government of India.
  • It was established in 2019 under the administrative control of the Department of Space.
  • NSIL is the commercial arm of Indian Space Research Organisation (ISRO) with the primary responsibility of enabling Indian industries to take up high technology space related activities.
  • Headquarters: Bengaluru
  • Mission:
    • Owning satellites for Earth Observation and Communication applications and providing space-based services
    • Building satellites and launching them as per demand
    • Providing Launch Services for satellite belonging to customer
    • Building launch vehicles through Indian Industry and launch as per satellite customer requirement
    • Space based Services related to Earth Observation and Communication satellites on commercial basis
    • Satellite building through Indian Industry
    • Technology Transfer to Indian Industry