Hummingbird News Desk
NEW DELHI, 30 MAR: New Space India Limited (NSIL), a CPSE under Department of Space has earned millions of Dollars and Euros through the launch of foreign satellites from Indian launching sites.
Dr Jitendra Singh, Union Minister of State (Independent Charge) Science and Technology said that New Space India Limited (NSIL), a CPSE under Department of Space has earned Foreign Exchange revenue of about 35 Million US Dollars and 10 Million Euros during last three years 2019-2021, through launching of satellites of various private and international agencies.
In a written reply to a question in the Lok Sabha today, Dr Singh said, NSIL has already launched 45 international customer satellites on-board ISRO’s PSLV during the last three years and has secured 4 Dedicated Launch service contracts for foreign satellite customers.
The Minister said, with the emergence of Global Broadband communication needs, NSIL envisages launches of several of these foreign satellites on-board ISRO’s SSLV, PSLV and GSLV-MkIII. NSIL through participation in various international conferences and exhibitions is ensuring better foot print of ISRO’s expertise in building earth observation and communications satellites, providing launch and mission support services including establishment of ground segments for foreign customers to ensure enhanced Foreign Exchange revenue earnings for the country.
Dr Singh informed that the Government has opened up the space sector for private players with the announcement of space sector reforms and formation of IN-SPACe, an independent body under Department of Space which will regulate and promote private sector activities.
He said, there are 48 applications received to IN-SPACe for undertaking space activities and their applications are being processed for further action. Out of these, the applications with respect to authorizing the space activities to Non-Government Private Entities (NGPEs) are 16 and sharing of technology and facilities of DoS to NGPEs are 23 and Consultancy and Promotion are 9. All the proposals of NGPEs are at different stage of approvals.
Tags: #ISRO #NSIL #Satellites #JitendraSingh #DoS
