January 21, 2022

The World Live Breaking News Coverage & Updates IN ENGLISH

The World Live Breaking News Coverage & Updates IN ENGLISH

India’s 1st space PSU head’s job open for pvt sector, nominees from forces can apply too

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India’s 1st space PSU head’s job open for pvt sector, nominees from forces can apply too
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India’s 1st space PSU head’s job open for pvt sector, nominees from forces can apply too
India’s 1st space PSU head’s job open for pvt sector, nominees from forces can apply too

BENGALURU: India’s first space PSU, NewSpace India Limited (NSIL), may soon be headed by a private sector honcho if the department of space (DoS) and the Centre find a suitable candidate, reports Chethan Kumar. As per documents reviewed by TOI, DoS has opened up the CMD‘s post to those from the private sector. Candidates from “central public sector enterprise, central government, including the armed forces and all India services, state public sector enterprises (SPSE), or private company” can apply.
The search-cum-selection committee (SCSC) will start shortlisting candidates from January 24. This panel has been empowered to include names of people who don’t apply and also relax eligibility criteria to accommodate candidates it feels standout for the position. NSIL’s present CMD Radhakrishnan D, who was deputed from Isro, can also apply for the position.
NSIL is mandated to commercially exploit the R&D work by Isro centres and units of DoS. Under the administrative control of DoS, the authorised and paid-up capitals of NSIL are Rs 1,000 crore and Rs 710 crore, respectively. Once selected, the appointment will be on deputation or contract basis for five years. The post has been exempted from the ‘Rule of Immediate Absorption’ in the case of deputationists. Lt Gen (retd) AK Bhatt, director-general, Indian Space Association (ISpA), told TOI: “NSIL would play a crucial role in the coming years. Whether it (the CMD) is from Isro or the private sector, the important thing would be to steer change with the new policy focused on privatisation.”

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