Central had set up New Space India Limited (NSIL) in March 2019. It is a Central
Public Sector Enterprise (CPSE), under the administrative control of Department
of Space (DOS).
NSIL has been set up to meet the increasing demands of Indian space programmes
and to commercially exploit the emerging global space market.
main functions of NSIL are: a) Manufacture of Small Satellite Launch Vehicle
(SSLV) in collaboration with Private Sector, b) production of Polar Satellite
Launch Vehicle (PSLV) through Indian Industry, c) production and marketing of
Space based products and services, including launch and application, d) Transfer
of technology developed by ISRO Centres and constituent units of DOS and e) Marketing
spin-off technologies and products/services, both in India and abroad.
is the second commercial entity of the Department of Space (DoS) after Antrix
Corporation Limited which was set up in 1992 to market the products and
services of the Indian Space Research Organisation (ISRO).