National News: nsil: First demand-driven mission: GSAT-24 to be dedicated for Tata Sky; NSIL to launch satellite on Ariane-5 | India News – Rashtra News rashtranews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rashtranews.com Daily Mail and Mail on Sunday newspapers.
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.”