BEL has expressed its interest to foray into space electronic systems, small and micro satellite and rocket manufacturing segments. BEL (Bharat Electronics Limited), a Navratna PSU under the Ministry of Defence, is already a major player in ground segment of satellite communication.
“BEL desires to enter into Space Electronic Systems, manufacture of small and micro satellite and address launch vehicle segment jointly with Indian private industry,” the company said in its 2019-20 annual report, uploaded on its website this week. The Bengaluru-headquartered company said it has long term objective of becoming a prominent player in space-based assets and payloads.
BEL has responded to New Space India Limited”s (NSIL) expression of interest for productionisation of Polar Satellite Launch Vehicle (PSLV) in consortium. NSIL is the commercial arm of ISRO with the primary responsibility of enabling Indian industries to take up high technology space related activities and is also responsible for promotion and commercial exploitation of the products and services emanating from the Indian space programme.