Q. Consider the following statements regarding New India Space Limited (NISL):
1. It is a wholly owned Government of India undertaking.
2. It is under the administrative control of Department of Space
Which of the statements given above is/are correct?
The Union Government has set up New Space India Limited (NSIL), a wholly owned Government of India undertaking/ Central Public Sector Enterprise (CPSE), under the administrative control of Department of Space (DOS) on 06th March 2019 to commercially exploit the research and development work of Indian Space Research Organization (ISRO) Centre’s and constituent units of DOS.