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NSIL aims at launching satellites at competitive rates for the international market (Representative image)
BENGALURU: With eyes firmly set on the global launch market, space PSU New Space India Limited (NSIL) is devising strategies including offering competitive prices comparable with SpaceX to acquire new business and become the go-to launch service provider.
While it’ll begin India’s 2021 space launch season with a dedicated foreign satellite on February 28, NSIL has inked deals for three more dedicated satellites with a company from a Southeast Asian country.
NSIL executive director Radhakrishnan Durairaj said: “Contract confidentiality prevents us from naming the company and country, but agreements are for three Earth imaging satellites, two of which will be launched in the first half of 2022 and one in 2023. Also, we are also in talks with a host of small satellite firms globally.”
India News: BENGALURU: India's first space launch mission for the year PSLV-C51 scheduled for February 28 will not be launching the country's first private Ea.
File photo for representation purpose only
BENGALURU: India’s first and only Space Public Sector Unit (SPSU), New Space India Limited (NSIL), has finally taken wings and will be launching a communication satellite dedicated to augment direct-to-home (DTH) services in the second half of this year using a foreign launch service.
To do this, NSIL, which was established under the Department of Space (DoS) as part of India’s reforms to liberalise the space sector, has got Rs 700 crore equity from the government.
K Sivan, secretary, DoS, told TOI: “This money will eventually be paid back. As part of the reforms, the role of NSIL now is to also own and sell assets and the first satellite it will acquire is GSAT-24 which will be launched to cater to TataSky’s DTH business. So far, Isro owned all the satellites and its services were sold through Isro’s own entity (Antrix). This (NSIL) will usher in a new era in India’s commercial space activity.”
NEW DELHI: Seeking to establish India as a bio-manufacturing hub and creating a strong research ecosystem in the country, the Centre on Monday announced multiple initiatives including setting up 10 biotech URJIT (University Research Joint Industry Translational) clusters to synergize resources between research labs and industries, forming umbrella structures in nine cities for better coordination among R&D institutions and focusing on identified national priority thrust areas under National Research Foundation (NRF).
The NRF, which got a budget allocation of Rs 50,000 crore for five years, will be governed by a Board appointed by the Prime Minister, and consist of accomplished and eminent researchers and professionals. It will build on existing national strengths in research and innovation, and fill gaps in the current research and education ecosystem.