Consider the following statements regarding recently launched commercial arm of ISRO called New Spac...........

Science Affairs Space

Consider the following statements regarding recently launched commercial arm of ISRO called New Space India Limited (NSIL)-

1. NSIL will act as an aggregator for all space related activities in industry and develop private entrepreneurship in space related technologies.

2. It will also be responsible for manufacturing and production of satellite launch vehicles through Technology transfer.

Which of the above statements is/are correct?

Choose the correct answer using the codes below-

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

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Explanation:

The Indian Space Research Organisation’s (ISRO) new commercial arm called NewSpace India Limited (NSIL) was officially inaugurated in Bengaluru

NSIL will act as an aggregator for all space related activities in industry and develop private entrepreneurship in space related technologies.
Specifically, it will be responsible for manufacturing and production of Small Satellite Launch Vehicle (SSLV) and Polar Satellite Launch Vehicle (PSLV) through technology transfer mechanisms.

It will also cater to emerging global commercial SSLV market demand, providing satellite building and satellite-based services, including supply of sub-systems for various domestic and international application needs and will enable space technology spin-offs through Indian industry interface.

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