Transferred 10 operational communications satellites to PSU space, says government in Lok Sabha | India News
NEW DELHI: The government informed the Lok Sabha on Wednesday that it had transferred 10 operational communications satellites into orbit to space PSU New Space India Ltd (NSIL) to push forward space reforms.
In a written response to a question posed to the Lok Sabha, Space Minister Jitendra Singh said that communications satellites – Gsat-8, Gsat-10, Gsat-12R (CMS-01), Gsat-14, Gsat -15, Gsat-16, Gsat -17, GSAT-18, Gsat-30 and Gsat-31 – were transferred at depreciated value of Rs 4,697.6 crore against issue of shares to government with April 1 2021 as the effective transfer date.
NSIL’s Board of Directors is authorized to price transponder capacity based on global trends. The NSIL shall conduct activities related to capacity supply and allocation in accordance with the guidelines. The transfer of operational satellites is part of space sector reforms aimed at enhancing NSIL’s role in increasing the nation’s share of the global space economy.
The minister also said that the government has taken several steps to increase India’s share in the global space market, thanks to the reforms undertaken in 2020, which aim to increase the country’s space sector with greater participation of entities. non-governmental.