Question

Which of the following statements about Antrix Corporation are true?

1. It was incorporated as a public limited company in 1992.

2. It handles international marketing of space products and services.

3. It focuses on the Indian private sector's space launch capabilities.

• A. 1 and 2 only
• B. 2 and 3 only
• C. 1 and 3 only
• D. All are correct

Answer 1

Answer:

A. 1 and 2 only

• Correct Answer: Option A) 1 and 2 only

• Antrix Corporation is the commercial arm of the Indian Space Research Organisation (ISRO).

• It was incorporated as a public limited company in 1992 - True. Antrix Corporation was indeed established in 1992 as a public sector undertaking under the Department of Space, Government of India.

• It handles international marketing of space products and services - True. This is the primary function of Antrix Corporation. It markets ISRO's capabilities, products, and services to international customers, including satellite launch services, satellite data, and technical consultancy.

• It focuses on the Indian private sector's space launch capabilities - False. While Antrix does work with the private sector, its primary focus is not on developing the Indian private sector's space launch capabilities. This role has been largely taken over by NewSpace India Limited (NSIL), which was formed in 2019 to promote and commercially exploit the products and services emanating from the Indian space industry.