January 18, 2022

The World Live Breaking News Coverage & Updates IN ENGLISH

The World Live Breaking News Coverage & Updates IN ENGLISH

India’s 1st Space PSU NSIL chief’s job open to private sector honchos

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India’s 1st Space PSU NSIL chief’s job open to private sector honchos
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India’s 1st Space PSU NSIL chief’s job open to private sector honchos
India’s 1st Space PSU NSIL chief’s job open to private sector honchos

India’s first space PSU New Space 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.
As per documents reviewed by TOI, DoS has opened up the CMD’s post to those from the private sector. Candidates from “a central public sector enterprise; central government, including the armed forces and all India services; State Public Sector Enterprises (SPSE) or a 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 the DoS, the authorised and paid up capital of NSIL is Rs 1,000 crore and Rs 710 crore respectively.
According to DoS: “The CMD is the chief executive responsible to board of directors and for all activities and operations including HR, finance and commercial management, corporate planning and project implementation.” 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 is from Isro or the private sector, the important thing would be to steer change with the new policy focused on privatisation. The industry hopes the most suitable person is picked to lead NSIL as we see the CMD’s position to be very critical in this step towards privatisation.”
As per DoS, for candidates from SPSEs or private firms, their company must have an annual turnover of Rs 1,000 crore or more. Preference would be given to candidates from listed companies.
DoS has sought applicants who “are graduates with a good academic record from a recognised university or institute, while those with engineering, science backgrounds with an MBA or management or business administration diploma will be preferred.”
“The government’s initiative in attracting professional talent to lead public institutions is commendable and is a right step in public-private partnership in decision making. We also laud the appointment of Pawan Goenka as chairman of IN-SPACe. We look forward to representation of industry associations like SIA-India on IN-SPACe and other entities where a collaborative approach to policy making can be encouraged,” Anil Prakash, director general, SatCom Industry Association (SIA), said.
Applicants from central government and all India services should be holding a post of joint secretary or equivalent scale of pay, while those from the armed forces should at least be a Major General in the army or of equivalent ranks in the IAF and navy. Those from SPSEs and private sector should be working at a post at least at a level immediately below the Board level.
The applicant, DoS says, should possess adequate technical/operational/project management experience at a senior level. A source from the DoS said that aside from the CMD’s post, private sector applicants will also be able to apply for other senior positions at NSIL in the future.

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