New Space India Limited (NSIL)

ABOUT NSIL:

• A Public Sector Enterprise viz. New Space India Limited (NSIL) has been incorporated as a new commercial arm of Department of Space.
• It will tap the benefits of the Research & Development carried out by ISRO.
• The Company will spearhead commercialization of various space products including production of launch vehicles, transfer to technologies and marketing of space products.
• As per the scheme of things, NSIL will obtain the license from Department of Space/ISRO and sub-license to industries for manufacturing of various products.

PRELIMS QUESTION:

Q. Consider the following statements regarding ‘New space India limited’:

1. It will aim at commercialization of various space products developed by ISRO
2. It will function under the overall control of department of science and technology

Which of the statements given above is/are correct:

1. 1 only
2. 2 only
3. Both 1 and 2
4. Neither 1 nor 2

Answer to Prelims question