Reliance Industries Responds To Elon Musk’s Remarks On Starlink India Entry Delay, Says 'Never Feared Competition'

Reliance Industries issued a statement on Friday in response to Elon Musk's criticism of the delay in Starlink's entry into the Indian market. The company stated that it has never feared competition and emphasized that all satellite communication service providers, both Indian and foreign, must comply with the country's laws and policies.

Reliance reiterated that the Indian government applies the same regulatory process to every applicant, regardless of whether they are domestic or international. The statement also noted that Jio's satellite services are currently awaiting clearances. Reliance welcomed competition in satellite communications, including from Musk's Starlink, but stressed that all players must operate within India's regulatory framework.

The company highlighted Jio's success in the telecom sector, noting that Jio entered the market with no customers and has since built a subscriber base of over 530 million while expanding access to digital infrastructure and affordable data. Reliance emphasized that competition in the market is a true test of who serves the customer best and reiterated that all players must serve Indian consumers while abiding by the country's laws and policies.

The statement was released just days before Reliance's IPO launch, with the aim of boosting market sentiment and renewing buyer confidence. Reliance shares rose nearly 3% following the Jio IPO price band announcement.