The Indian Space Research Organisation’s (ISRO) new commercial arm called NewSpace India Limited (NSIL) was officially inaugurated in Bengaluru.
Department of Space (DoS) registered its second commercial entity called NSIL in ISRO. The first commercial venture of DoS was Antrix Corporation Limited, which was set up in September 1992 to market products and services of Indian Space Research Organisation (ISRO). 
NSIL’s main objective is to scale up industry participation in Indian space programmes.