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With reference to the NewSpace India Limited, consider the following statements:
1. New Space India Limited (NSIL) is a Public Sector Enterprise (PSE) of Government of India and commercial arm of Indian Space Research Organisation (ISRO).
2. It was established in 2010.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
With reference to the NewSpace India Limited, consider the following s...
Statement 1: New Space India Limited (NSIL) is a Public Sector Enterprise (PSE) of Government of India and commercial arm of Indian Space Research Organisation (ISRO).
Statement 2: It was established in 2010.

The correct answer is option 'A', i.e., only statement 1 is correct.

Explanation:
New Space India Limited (NSIL) is a newly established public sector enterprise of the Government of India. It was incorporated on 6th March 2019 as a wholly-owned Government of India undertaking under the administrative control of the Department of Space (DOS). NSIL functions as the commercial arm of the Indian Space Research Organisation (ISRO).

Statement 1: New Space India Limited (NSIL) is a Public Sector Enterprise (PSE) of Government of India and commercial arm of Indian Space Research Organisation (ISRO).
This statement is correct. NSIL is a public sector enterprise of the Government of India and acts as the commercial arm of ISRO. Its primary objective is to harness the benefits of space technology for the country's socio-economic development and commercialization of space products and services.

Statement 2: It was established in 2010.
This statement is incorrect. NSIL was incorporated on 6th March 2019, and it is a relatively new organization. It was established to meet the increasing demands and opportunities in the global space market and to provide a level playing field for Indian industries to participate in commercial space activities.

In conclusion, only statement 1 is correct. New Space India Limited (NSIL) is a Public Sector Enterprise (PSE) of the Government of India and acts as the commercial arm of ISRO. It was established in 2019, not in 2010.
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Community Answer
With reference to the NewSpace India Limited, consider the following s...
The NewSpace India Limited, a subsidiary company under the Department of Space will own and operate capital intensive space assets of ISRO as part of the space reforms process initiated in June last year.
  • NewSpace India Limited is in advance stage of discussion with the Department of Space to take ownership of two new communication satellites for commercial purpose.
  • The transponders on these satellites will be leased to the private companies with DTH and Broadband services.
  • NewSpace India Limited (NSIL) is a Public Sector Enterprise (PSE) of Government of India and commercial arm of Indian Space Research Organisation (ISRO).
  • It was established in 2019 under the administrative control of Department of Space (DoS) and the Company Act 2013. The main objective of NSIL is to scale up industry participation in Indian space programmes.
  • Headquarters: Bengaluru.
Hence only statement 1 is correct.
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With reference to the NewSpace India Limited, consider the following statements:1. New Space India Limited (NSIL) is a Public Sector Enterprise (PSE) of Government of India and commercial arm of Indian Space Research Organisation (ISRO).2. It was established in 2010.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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