Jio parent Reliance Industries breaks silence on Starlink row: 'We have never feared competition’
Amid the Starlink controversy, Reliance Industries issued a fresh statement on Friday saying that it has never feared competition. “We see it as the truest test of who serves the customer best.”
In light of recent remarks about Reliance and the Indian market, we wish to place the facts on record, the company said in a statement
“Like every Indian enterprise, Reliance has grown in an India that welcomes investment and innovation, homegrown or international, that improve the lives of the people. That openness rests on the rule of law. As the Government of India has stated, it applies the same process to every applicant, Indian or foreign. Jio's own satellite services await clearances.”
The company also pointed out that 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. In just ten years, Jio has earned the trust of over 530 million customers and given Indians some of the best digital infrastructure and most affordable data in the world.
“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.”
This comes days after Elon Musk targeted Jio and Airtel, alleging that they have vested interests in blocking Starlink's entry in India.
In a post on X, Musk had said, "The ridiculous arguments by Ambani’s army of Internet shills make no sense. On the one hand, they say Starlink couldn’t possibly compete with the amazing low prices offered by Ambani’s de facto monopoly in India and then, in the same breath, they essentially claim that Starlink would be too strong of a competitor! This is absurd hypocrisy and hyperbole."
He claimed that greater competition could reduce the profits of existing players but said it would not necessarily threaten their business.
"The reality is that competition would greatly benefit the average citizen in India by giving them more choices, as it always does. Ambani’s profits will be lower, but he is not going out of business," he wrote.
Musk had earlier alleged monopolistic practices in the Indian telecommunications landscape and questioned regulatory barriers faced by Starlink's commercial rollout.
"Dear Prime Minister Ambani, Please accept my humble apologies for not realising that you are the real boss of India. Naturally, you would prefer to maintain your monopolistic exploitation of the great people of India, but would you nonetheless consider allowing Starlink to compete?" Musk posted.
Meanwhile, Union Communications Minister Jyotiraditya Scindia said that there was no question of allowing any monopoly in satellite communications and that three parties are in line for final approval for commercial licences.
(With inputs from agencies)
Sanchari Ghosh is an Assistant Editor at Mint with over 12 years of experience in journalism, specialising in personal finance, DLT & DeFi, geopolitics and foreign policy, with a particular emphasis on how these areas intersect. <br> She writes extensively about how money works in everyday life—helping readers navigate personal finance decisions. <br> As AI reshapes investing behaviour, capital is increasingly flowing into decentralized ecosystems, redefining how assets are managed, traded, and valued. She focuses on explaining how money flows within frameworks like Distributed Ledger Technology (DLT), DeFi protocols, and crypto markets—while also exploring what the future of money could look like in a trustless, programmable financial world. <br> She also focuses on immigration-related issues, simplifying complex topics around visas, passports, overseas financial planning, and the many practical challenges Indians face while moving or living abroad. <br> Alongside personal finance, Sanchari has a strong understanding of international politics, contemporary and historical conflicts, and global state decisions. She closely tracks how geopolitical developments influence economies, markets, and individual financial choices, bringing together finance and global affairs in her reporting. <br> She began her career as a desk editor, which gave her a strong foundation in news writing. Over time, her interest naturally shifted toward personal finance. Before joining Mint in 2020, she worked DNA, The Times of India, Outlook Money, BloombergQuint, and ETMoney. At Mint, she got an opportunity to expand her coverage to include immigration and geopolitical developments while continuing to closely follow personal finance trends and market movements.As a journalist, she is committed to accuracy, intellectual rigour, and fairness. <br> She is an English Major and her work took her across cities including Delhi, Mumbai, and Pune. Living independently from an early age gave her firsthand experience in managing life and money on her own. This practical exposure sparked her strong interest in personal finance. <br> Outside the newsroom, Sanchari is a sports enthusiast who regularly plays lawn tennis and squash. In her younger years, she was also a national-level badminton player.
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