India News: Sivan, also secretary in the department of space (DoS), said the reforms initiated in the sector by the government in June last year to promote enhanc
The News Scroll 15 March 2021
Last Updated at 3:11 pm | Source: PTI
ISRO to offload most activities to industry, enhance focus on advanced research Outlook March 15, 2021 15:11 IST ISRO to offload most activities to industry, enhance focus on advanced research outlookindia.com 1970-01-01T05:30:00+0530
Bengaluru, Mar 15 (PTI) The Indian Space Research
Organisation (ISRO) intends to offload most of its space-
related activities to industry and enhance focus on advanced
research, its Chairman K Sivan has said, as the government
opens up the sector to get private players onboard. Sivan, also Secretary in the Department of Space (DoS),
said the reforms initiated in the sector by the government in
ISRO to offload most activities to industry, enhance focus on advanced research thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
ISRO s NewSpace India Ltd to invest Rs 10,000 Cr in 5 years
ISRO s commercial arm, NewSpace India Limited, launched its first dedicated commercial mission on February 28, carrying Brazilian satellite Amazonia-1.
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ISRO s commercial arm NewSpace India Limited (NSIL) on Friday said it was looking at
investing approximately Rs 10,000 crore over the next five years and a manpower requirement of 300 people as it plans to scale up operations.
[ Image Credit: ISRO Official Twitter]
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NSIL, incorporated as a wholly government owned Central Public Sector Enterprise (CPSE) with a paid-up capital of Rs 10 crore on March 6, 2019, would
raise Rs 2,000 crore a year through a mix of equity and debt, Chairman and Managing Director G Narayanan told reporters here.
Space Sector: ISROâs Commercial Arm NSIL To Invest Rs 10,000 Crore In Next Five Years
by Swarajya Staff - Mar 13, 2021 12:59 PM
The GSLV MKIII rocket (Representative Image) (Pic via ISRO website)
The NewSpace India Limited, a Government of India company under the Department of Space that serves as a commercial arm of Indian Space Research Organisation (ISRO), on Friday (12 March) said that it is looking at investing approximately Rs 10,000 crore over the next five years.
âWe expect an investment of approximately Rs 2,000 crore per year starting next year or year after, that is the kind investment we are seeking to do, and our resources, manpower we are targeting a requirement of approximately 300 people in about five years from now,â said Radhakrishnan Durairaj, executive director of NSIL.