New Delhi, March 25 A parliamentary panel on Wednesday recommended the Department of Space to take proactive and concerted steps to enhance resource mobilization by Antrix Corporation Limited and New Space India Limited (NSIL).
In a report tabled in both Houses of Parliament, the Department-related Parliamentary Standing Committee on Science and Technology, Environment, Forests and Climate Change noted that the turnover of Antrix Corporation Limited has decreased from about Rs 654 crore in 2020–21 to Rs 76.77 crore in 2024–25.
It also observed that the revenue generated by NSIL from launch services has declined from Rs 1,16,613.16 lakh in 2022-23 to Rs 44,743.13 lakh in 2024-25.
The panel stated that the Department of Space should pursue commercialization opportunities more vigorously, strengthen marketing strategies, and explore new domestic and international markets for launch services, satellite services, and other space-based applications, to augment revenue generation and support the continued expansion of India’s space economy.
Antrix Corporation Limited, established in 1992, is a wholly owned government company for marketing space products and services.
Founded in 2019, NSIL is another commercial arm of the Indian Space Research Organisation, with the primary objective of enabling Indian industries to scale up high-technology manufacturing and production bases for the Indian space programme.