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Current Affairs

Cabinet approves setting up new company under Department of Space

Date: 20 February 2019 Tags: Space

The Union Cabinet approved setting up of new company under Department of Space (DoS) to commercially exploit research and development (R&D) work carried out by Indian Space Research Organization (ISRO) Centers and constituent units of DOS.

This company with explore following areas for commercial exploitation of ISRO programmes

  • Small satellite technology transfers to industry. In this case new company will take license from DoS/ISRO and issue sub-license to industries.
  • Manufacture of small satellite launch vehicle (SLV) in collaboration with private spector. Productionisation of Polar SLV through industry.
  • Productionisation and marketing of space-based products and services, including launch and applications.
  • Transfer of Technology (ToT) developed by ISRO Centers and constituent units of DoS.
  • Market some spin-off technologies and products, both in India and abroad.
  • Any other subject which Government of India deems fit.