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NewSpace India to transfer ISRO's Optical Imaging System of Paras Defence

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Chennai, June 28 (Ajit Weekly News) The NewSpace India Ltd (NSIL), the commercial arm of India’s Department of Space, has agreed to transfer ‘Optical Imaging System’ technology to Paras Defence and Space Technologies Ltd.

The Optical Imaging System was developed by Indian Space Research Organisation (ISRO).

The NSIL has executed a Letter of Intent with Paras Defence.

According to Paras Defence, the technology will be transferred through a Technology Transfer Agreement for development, manufacturing, and sale of Optical Imaging System in India and abroad.

The draft of the agreement has been handed over by NSIL to Paras Defence.

–Ajit Weekly News

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