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Union Budget 2019: New Space India Ltd. incorporated to spearhead commercialization of various space products

Union Budget 2019: New Space India Ltd. incorporated to spearhead commercialization of various space products

Jul 05, 2019, at 03:05 pm

New Delhi: Presenting the General Budget 2019-20 in the Parliament today, Union Minister of Finance and Corporate Affairs  Nirmala Sitharaman said that a Public Sector Enterprise viz. New Space India Limited (NSIL) has been incorporated as a new commercial arm of Department of Space to tap the benefits of the Research & Development carried out by ISRO.