In a significant stride towards revolutionizing satellite internet services in India, Jio Platforms, the digital arm of Reliance Industries, has secured approval from the Indian space regulator to operate satellites in the country. This approval paves the way for Jio’s joint venture with Luxembourg-based SES to provide gigabit fibre internet, positioning Jio at the forefront of the satellite internet race.
A Game-Changing Approval
The approval, granted to Orbit Connect India, signifies a pivotal moment in India’s space industry. With the green light from the Indian National Space Promotion and Authorisation Centre (IN-SPACe), Orbit Connect India is poised to deploy satellites above India to deliver high-speed internet access. However, operational commencement awaits further clearances from the Department of Telecommunications.
Competing in the Satellite Internet Arena
Jio’s entry into the satellite internet domain comes amid increasing competition from global tech giants such as Amazon and Elon Musk’s Starlink, all vying for a share of India’s burgeoning internet market. With the approval secured, Jio is primed to introduce innovative satellite communication services, promising enhanced connectivity and accessibility to users across the country.
Unlocking Opportunities for Innovation
IN-SPACe Chairman Pawan Goenka highlighted the transformative impact of low-priced communication services in India, driving global players to innovate and optimize pricing strategies. With plans to authorize private companies to operate ground stations, India’s space industry is poised for a paradigm shift, facilitating seamless data transmission and fostering technological advancements.
Fueling Investor Confidence
India’s commitment to liberalizing the foreign direct investment (FDI) regime in the space sector has garnered significant investor interest, signaling a new era of growth and collaboration. The recent surge in investments, coupled with regulatory reforms, underscores India’s emergence as a key player in the global space economy, poised to capitalize on the immense potential of satellite-based services.
A Bright Future for Satellite Broadband
The approval granted to Jio Platforms underscores the immense growth potential of India’s satellite broadband service market. With a projected annual growth rate of 36% over the next five years, the market is poised to reach $1.9 billion by 2030, according to Deloitte. This exponential growth trajectory underscores the pivotal role of satellite internet in bridging the digital divide and unlocking socio-economic opportunities across the country.
