Correct Answer: Option A) 1 and 3 only
New Space India Limited (NSIL) is a public sector enterprise under the Department of Space, Government of India.
NSIL was set up to exploit ISRO's research and development work commercially- Correct: NSIL was established in March 2019 as the commercial arm of ISRO with the primary goal of commercializing space technologies developed by ISRO, its laboratories, and other DOS entities. It was specifically created to enable commercial exploitation of ISRO's R&D work.
NSIL focuses primarily on foreign collaborations in space marketing- Incorrect : While NSIL does engage in international collaborations, it does not focus "primarily" on foreign collaborations. Its main focus is on technology transfer to Indian industries, production of space systems, and commercializing ISRO's technologies within India. NSIL aims to boost India's domestic space industry primarily.
NSIL is responsible for licensing and technology transfer to Indian industries- Correct : NSIL is the nodal agency for technology transfer from ISRO to Indian industries. It handles licensing of ISRO-developed technologies to private players and facilitates the transfer of space technology to Indian companies to enhance domestic manufacturing capabilities.
