 "Isro chairman K Sivan inaugurating NewSpace India in Bengaluru")
NewSpace India Limited (NSIL), the commercial arm of Indian Space Research Organisation (Isro), was officially inaugurated in Bengaluru on Thursday. NSIL's main objective is to scale up industry participation in Indian space programmes.
NSIL was inaugurated by Isro's honorary adviser, Dr K Kasturirangan in the presence of chairman Dr K Sivan.
NSIL was incorporated on March 6 2019, for commercially utilising research and development activities carried out by ISRO in the area of space with an authorised share capital of Rs 100 crore and initial paid up capital of Rs 10 crore.
NSIL will act as an aggregator for all
