<h1>India Launches New Space India Limited to Boost Commercial Space Ventures and Leverage ISRO's Expertise.</h1> India is set to commercialize its space capabilities through New Space India Limited (NSIL), a newly incorporated commercial arm of the Department of Space. Announced by the Finance Minister during the Union Budget 2019-20, NSIL aims to leverage India's advanced space technology and cost-effective satellite launch capabilities. The company will focus on the commercialization of space products, including the production of launch vehicles, technology transfers, and marketing. This initiative seeks to capitalize on the research and development conducted by the Indian Space Research Organisation (ISRO), positioning India as a significant player in the global space industry.