ISRO's NSIL To Invest Rs 10,000 Crore In Next 5 Years; Make PSLV

ISRO's commercial arm Newspace India Limited is planning to invest Rs 10,000 crore in five years. Started in 2019, the NSIL earned Rs 300 crore revenue for the first year and aims to generate Rs 400 crore in 2020-21. Planning to raise the equity and debt mix amount, it looks to create PSLV to tap the global satellite launch demand including four international launches by 2023. Additionally, NSIL eyes to own already installed satellites.