When was New Space India Limited (NSIL) established?
A6 March 2019
B15 August 1947
C1 January 2000
D30 June 2015
Answer:
A. 6 March 2019
Read Explanation:
NewSpace India Limited (NSIL)
- NSIL is a Public Sector Undertaking (PSU) of the Government of India operating under the Department of Space.
- It was established on 6 March 2019 under the Company Act 2013, with the primary aim of enhancing the involvement of the private sector in Indian space programs.
- NSIL plays a crucial role in producing, assembling, and integrating the launch vehicle, collaborating with industry consortia.
- Its objectives encompass various aspects such as :
- Transfer of Small Satellite technology to the industry
- Manufacturing Small Satellite Launch Vehicles (SSLV)
- Producing Polar Satellite Launch Vehicles (PSLV) through the Indian industry,
- Marketing space-based products and services, and transferring technology developed by ISRO Centres and other units of the Department of Space.
- NSIL is also involved in the marketing of spin-off technologies and products/services, both within India and abroad.