New Space India Limited has not leased out any ISRO assets to private companies: Jitendra Singh informs Parliament

Minister of State in Prime Minister’s Office Dr Jitendra Singh today informed the Lok Sabha that New Space India Limited (NSIL) has not leased out any Indian Space Research Organisation (ISRO) assets to private companies. In a written answer, Dr. Singh said, however, NSIL is in discussions with Indian companies especially with regard to the production of PSLV through Indian Industry wherein the requirement of utilizing some specific ISRO’s assets and facilities is envisaged while they undertake this task.

The Minister said NISL, before leasing ISRO’s assets to Private Companies would carry out necessary due diligence process through its administrative department.