The government has decided to float a company for carrying out commercial activities of the Department of Space foreseeing a huge business potential.
The Central government has decided to set up 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. There are many areas and avenues that provide opportunities for commercial exploitation of ISRO programmes, which can be tapped when it gets a company with corporate shape. The new company can take license from DoS and ISRO and sub-license to industries and can transfer small satellite technology to industry. The entity also can manufacture small satellite launch vehicle (SLV) in collaboration with the private sector firms. The other areas it can focus on include Production of Polar SLV through industry, production and marketing of space-based products and services, including launch and applications; transfer of technology developed by ISRO Centers and constituent units of DoS, etc, besides marketing of some spin-off technologies and products, both in India and abroad.