State-owned IIFCL has requested the government to bring the space sector under the harmonized list of infrastructure for easier financing of satellite vehicle manufacturing activity in the country.
Currently, India Infrastructure Finance Company Limited (IIFCL) is providing advisory services to the Indian Space Research Organisation (ISRO) through its subsidiary IIFCL Projects Limited (IPL).
"Space sector is something which we have been engaged in through our subsidiary IPL. IPL got repeated mandates from ISRO for helping them in many of their endeavours, including transfer of space satellites," IIFCL managing director P R Jaishankar told PTI.
IIFCL subsidiary has helped in transferring 13 satellites from ISRO to NSIL which involved a very complicated legal process, he said, adding IPL has also done their business plans.
NewSpace India Ltd (NSIL), is the commercial arm of ISRO with the primary responsibility of enabling Indian industries to take up high-technology space-related ...