All You Need to Know about New Space India Ltd (NSIL)

Things are about to get very busy for New Space India Ltd (NSIL).

The PSE, which is ISRO's commercial arm, has announced that it is looking at investing c. ₹10,000cr ($1.37bn) over the next five years in addition to meeting a manpower requirement of 300 people as part of its plans to scale up operations.

NSIL is also in talks with the country's nodal space agency to acquire its fleet of remote sensing and communication satellites. It is also looking to manufacture the entire Polar Satellite Launch Vehicle (PSLV) through domestic industries.

Where does NSIL sit within ISRO and what are its roles and responsibilities? And why is its recent scaling up a big deal?

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