<h4>Introduction to NewSpace India Limited (NSIL)</h4><p><strong>NewSpace India Limited (NSIL)</strong> is a pivotal entity in India's burgeoning space sector. It serves as the commercial arm of the <strong>Indian Space Research Organisation (ISRO)</strong>, playing a crucial role in commercializing Indian space capabilities globally.</p><div class='key-point-box'><p><strong>NSIL's primary objective</strong> is to scale up industrial participation in Indian space programmes and to meet the growing demands of the global commercial launch services market.</p></div><h4>Establishment and Legal Status</h4><p><strong>NSIL</strong> was formally incorporated on <strong>6th March 2019</strong>. Its establishment was a strategic move by the Government of India to reform and revitalize the nation's space commercialization efforts.</p><div class='info-box'><p><strong>Legal Status:</strong> <strong>NSIL</strong> is registered under the <strong>Companies Act, 2013</strong>. It operates as a <strong>wholly owned Government of India company</strong>, signifying complete ownership and control by the Indian state.</p></div><h4>Administrative Control and Mandate</h4><p>As a government company, <strong>NSIL</strong> functions under the direct administrative control of the <strong>Department of Space (DOS)</strong>. The <strong>DOS</strong> is the nodal agency for all space-related activities in India, overseeing <strong>ISRO</strong> and other allied organizations.</p><div class='exam-tip-box'><p><strong>UPSC Insight:</strong> Understanding <strong>NSIL's</strong> administrative structure is vital. It highlights the government's commitment to fostering a robust space economy while maintaining strategic oversight through <strong>DOS</strong>. This structure differentiates it from purely private entities.</p></div>