According to its high-ranking officials, NewSpace India Ltd (NSIL), the government’s private space undertaking, aims to spend Rs 10,000 crore within the next five years to own as well as operate satellites and fire rockets and is in negotiations with the nation’s space agency to purchase its network of remote sensing as well as communication satellites.
On Friday, the NSIL Director, Technical & Strategy D Radhakrishnan, informed journalists, “We will spend Rs 2,000 crore every year for the coming five years.” NSIL is in discussions with its parent company, the Department of Space, to own as well as operate two modern communication satellites, for which the Indian telco, as well as a DTH provider, have registered as customers. Customers’ names were not revealed by the company.
He also reported that the company has given a request for proposal (RFP) to 5 Indian firms for the construction of the powerhouse polar satellite launch vehicle (PSLV) and intends to shut the vendor in 5 months. Five Pslv rockets will be the first order. In collaboration with different users, NSIL is developing a specification for new satellites and will begin procuring, acquiring, launching, and offering services, mainly in the communication field, according to G Narayanan, NSIL Chairman.
NSIL was established as a government-run corporation to provide commercial services to both international and domestic clients. It will also work with Indian rocket companies to provide deploy services to the small satellite customers all over the world. The government is establishing the Indian National Space Promotion and Authorization Centre (In-Space) as a supervisor to ensure that private space technology companies operating in India are treated fairly.
NSIL has been awarded four deals to deploy remote sensing satellites on PSLV and the new small satellite launch vehicle (SSLV). SSLV, a rocket built to deploy satellites weighing less than 500 kilograms into low earth orbit, is scheduled to deploy later this year. NewSpace India Limited is a Government of India-owned public sector enterprise as well as the commercial arm of the Indian Space Research Organization. It was founded on March 6, 2019, under the Department of Space’s administrative control as well as the Company Act of 2013.
NSIL was formed with the following goals in mind:
Transfer of the Small Satellite Technology to Enterprise: NSIL will acquire a license from the Department of Space/Indian Space Research Organization (DoS/ISRO) as well as sub-license it to industry. Small Satellite Launch Vehicle (SSLV) development in partnership with the private sector. The Polar Satellite Launch Vehicle (PSLV) is manufactured in India. Development, marketing, and deployment of space-based services and products, as well as their application. Technology established by ISRO Centers as well as DoS constituent units is transferred. Both in India and overseas, advertising of the spin-off technologies as well as products/services.