ISRO’s NSIL to invest Rs. 10,000 crore in 5 years  

Context: New Space India Ltd. (NSIL) — ISRO’s commercial arm — will invest Rs. 2,000 crore every year for the next five years to expand its operations, which also involves hiring an additional 300 people.

Details:

• Finance:
  • NSIL, a Central Public Sector Enterprise, aims to fund its five-year expansion activities through a combination of debt and equity.
• Capital intensive assets:
  • The firm is planning to operate and own capital intensive space assets like launch vehicles and satellites in an endeavour to provide complete commercial services.
  • This is expected to help free up top-notch research teams from everyday routine activities and empower them to concentrate on cutting-edge research, as per the company.
  • The company’s operating model of space-based services would also transition from supply-driven model to demand-driven model, it said.

https://www.thehindu.com/todays-paper/tp-national/isros-nsil-to-invest-rs-10000-crore-in-5-years/article34057330.ece