Reliance Responds to Elon Musk’s Allegations, States It Welcomes Competition
· Business · The Hindu, Times of India
Reliance Industries Ltd has responded to recent allegations made by US billionaire Elon Musk regarding its role and satellite services in the Indian market. The company stated that India welcomes innovation and investment based on the rule of law and equal application of government processes. Reliance noted that its own satellite services through Jio are currently awaiting regulatory clearances. The company added that Jio entered India's telecom sector in 2016 and has grown to serve over 530 million customers. Mr. Musk had earlier claimed on X that Starlink was being blocked to maintain a monopolistic chokehold in the country.
Why it matters
The dispute centers on regulatory approvals for satellite internet services in India, impacting major global telecommunications players and the expansion of broadband infrastructure for millions of consumers.
Read the original report — The Hindu
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