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NSIL aim to invest 10 crore on ISRO; India world's next space hub?


ISRO PSLV C51
The New Space India Limited or NSIL is a Central Government run Public Sector Enterprise stated that it has plans to invest around Rs. 10,000 crore over the next five fiscal years. NSIL has been allocated Rs. 700 crore by the Union Government in this budget 2021-22. NSIL has also been paid an amount of Rs. 10 crore and an authorized capital of Rs. 100 crore.
NSIL plans to capitalise this demand for launch of commercial satellites among other services to raise revenue. Four dedicated launches are lined up over the couple of years, with its revenue mostly earned through services, the officials commented. “We have contracts for four more dedicated launches but our NDAs (non-disclosure agreements) prevent us from revealing more details. All are foreign satellites”, added Radhakrishnan Durairaj, executive director of NSIL said on Friday in Bengaluru. ....

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Space Sector: ISRO's Commercial Arm NSIL To Invest Rs 10,000 Crore In Next Five Years


Space Sector: ISRO’s 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.
“We 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,” said Radhakrishnan Durairaj, executive director of NSIL. ....

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NSIL to invest Rs 10k-cr over 5yrs; in talks to acquire Isro's sat fleet | India News

NSIL to invest Rs 10k-cr over 5yrs; in talks to acquire Isro's sat fleet | India News
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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India's space PSU NSIL prepares to compete with SpaceX; inks new launch deals | India News


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.” ....

Radhakrishnan Durairaj , Nadu Thoothukudi , Department Of Space Do , Space India Limited , Southeast Asian , Tamil Nadu , ராதாகிருஷ்ணன் துறராஜ் , நாடு தூத்துக்குடி , துறை ஆஃப் இடம் செய் , இடம் இந்தியா வரையறுக்கப்பட்டவை , தென்கிழக்கு ஆசிய , தமிழ் நாடு ,