- The Central Government on February 19, 2019 gave its approval to the Setting up of a new company under Department of Space (DoS), to commercially exploit the research and development work carried out by Indian Space Research Organization (ISRO) Centers and constituent units of DOS.
- According to the Government, the following areas/avenues provide opportunities for commercial exploitation of ISRO programmes:
- Small satellite technology transfer to industry, wherein the new company shall take license from DoS/ISRO and sub-license to industries;
- Manufacture of small satellite launch vehicle (SLV) in collaboration with the Private Sector;
- Productionisation of Polar SLV through industry;
- Productionisation and marketing of Space-based products and services, including launch and applications;
- Transfer of Technology developed by ISRO Centers and constituent units of DoS;
- Marketing of some spin-off technologies and products, both in India and abroad; and
- Any other subject which Government of India deems fit.
