'Welcome competition including Starlink': Reliance reacts to Musk's comments

Reliance Industries, the conglomerate led by Mukesh Ambani, issued a statement on Friday addressing recent allegations regarding its influence in the Indian satellite communications market. The company explicitly welcomed the entry of Elon Musk’s Starlink, asserting that it does not fear competition and is currently awaiting regulatory clearances for its own satellite service offerings.

The response follows public claims by Musk suggesting that Reliance benefits from monopolistic practices within India. While Reliance addressed the nature of these remarks, it did not explicitly name Musk in its formal statement, focusing instead on clarifying its stance on market competition and its readiness to operate within the satellite sector.