On March 6, the Department of Space (DoS) quietly registered its second commercial entity, NewSpace India Ltd. (NSIL), in Bengaluru. At the time, the small, new age ventures and startups foraying into the space industry were still coming to terms with the news of February 19 that the Union Cabinet had cleared a new business arm for DoS. Suma and Director (launch services) D. Radhakrishnan — were moved to NewSpace in March to help the new venture get off the ground. Board soonTwo senior ISRO officials, speaking on condition of anonymity, said it was still early to talk about the new company. The ISRO official, however, ruled out any such eventuality, asserting that Antrix’s expertise, accumulated over decades, could not be recreated or transferred overnight.

Source: The Hindu May 04, 2019 17:03 UTC