ISRO's commercial arm NSIL (NewSpace India Ltd) to invest Rs 10,000 crore in the next five years

ISRO’s commercial arm NSIL (NewSpace India Ltd) to invest Rs 10,000 crore in the next five years

Through a mix of equity and debt, it would raise Rs 2,000 crore a year

NSIL is incorporated as a whole government-owned Central Public Sector Enterprise

The firm launched its first dedicated commercial mission in February

Recent Union Budget had allocated Rs 700 crore for the company

NSIL also requires 300 people to scale up operations

Share.

Comments are closed.

Get to know the
Exclusively Curated by Channeliam
Top Startups
channeliam.com
Get to know the
Exclusively Curated by Channeliam
Top Startups
channeliam.com
Exit mobile version