India Business News: NEW DELHI: In a sudden and unexpected move, maverick American billionaire Elon Musk canceled his India visit just days before his arrival where he was.
Days after Tesla Inc.'s largest-ever round of layoffs and hours before its quarterly earnings, Elon Musk will fly to India to squeeze in a meeting with Prime Minister Narendra Modi.
India Business News: Tesla is not the only agenda when Elon Musk meets PM Narendra Modi, but figuring prominently in talks will be Starlink, the satellite communications b
Regulatory approvals for Starlink licence are at an advanced stage. Starlink has close to 92 crore broadband subscribers, according to the latest data by the Telecom Regulatory Authority of India (TRAI).
Elon Musk's visit to India involves discussions on Tesla and Starlink. The competition in India's satcom sector includes major players like Mukesh Ambani's Reliance Jio, Luxembourg's SES, and Amazon's Project Kuiper. The space economy in India shows significant growth potential. Approvals to Elon Musk-owned Starlink for starting satcom services in India are stuck with the communications ministry seeking clarity from the Department for Promotion of Industry & Internal Trade (DPIIT) about mandatory ownership disclosure rules
The Indian government is expediting the application process for Elon Musk's Starlink satellite communication company, despite unresolved issues such as its links with US security agencies. Starlink may receive "conditional approval" based on undertakings regarding data sharing and partnerships with Indian firms.