Reliance Industries to Elon Musk: Competition welcome, but follow rules
Reliance Industries has publicly responded to Elon Musk's accusations that the company is blocking Starlink's entry into the Indian market. Reliance maintains that it welcomes competition but insists that all satellite communication providers must adhere to Indian laws and licensing regulations.
Why it matters
This conflict highlights the regulatory challenges and competitive tensions in India's rapidly growing satellite broadband and telecommunications sector.
New Delhi: Ahead of its Rs 30,213-crore Jio IPO, Mukesh Ambani’s Reliance Industries has rebutted Elon Musk’s tirade on X and said it welcomed competition.Last Wednesday, Musk had accused “certain oligarchs” of “blocking” Starlink’s entry into India before naming Ambani over the next two days in a series of posts.In an early morning statement on Friday, Reliance Industries said: “We welcome competition in satellite communications, including Starlink. Every player, Jio included, must serve the people of India and abide by the laws and policies of the land.”“At Reliance, we have never feared competition. We see it as the truest test of who serves the customer best. Jio itself entered India’s crowded telecom market in 2016 as the newest player, with not a single customer.
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