ISRO forms new PSU to commercially exploit technology, launch satellites through SSLVs
New Delhi: The ISRO has formed the NewSpace India Limited (NSIL), a public sector undertaking (PSU) that will commercially exploit the research and development work of the space agency, co-produce PSLV and launch satellites through SSLVs, the government said on Thursday.
The functions of NSIL will involve small satellite technology transfer to industry, manufacture of Small Satellite Launch Vehicle (SSLV) -- a product which is being developed by the ISRO -- in collaboration with the private sector and productionisation of Polar Satellite Launch Vehicle (PSLV) through Indian industry.
The new company will also look after the productionisation and marketing of space-based products and services, including launch and application, developed by ISRO centres and the constituent units of the Department of Space and marketing spin-off technologies and products and services both in India and abroad.
Minister of State in the Prime Minister's Office Jitendra Singh shared this information in a written response to a question in the Rajya Sabha.
"NSIL would enable Indian Industries to scale up high-technology manufacturing and production base for meeting the growing needs of Indian space programme and would further spur the growth of Indian industries in the space sector," he said.
Antrix Ltd is another PSU under the Department of Space that acts as an commercial arm of the ISRO.
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Israel, UAE report they are intercepting, responding to missiles despite ceasefire claim
Tel Aviv/Abu Dhabi: Fresh missile activity has been reported despite claims of a ceasefire between Iran and its adversaries. The Israeli military said it detected missile launches from Iran and confirmed that its defence systems were actively working to intercept the threat.
“Defensive systems are operating to intercept the threat,” the military said in a statement.
At the same time, the United Arab Emirates also reported a missile threat. The Emirati National Emergency Crisis and Disaster Authority said air defence systems were responding.
“Air defense systems are currently responding to a missile threat. Please remain in a safe location and follow official channels for warnings and updates,” the agency said in a statement issued to residents.
The developments come even as reports suggest a ceasefire agreement is in place, indicating that hostilities may still be continuing despite the announced pause.
