According to Deloitte, the satellite broadband industry in India is expected to expand at a 36% annual pace and reach $1.9 billion by 2030.
An Indian government executive has confirmed that the Indian space regulator has approved the satellite operation of a joint venture between Reliance Industries’ Jio Platforms and Luxembourg-based SES to provide gigabit fiber internet.
Three permissions have been given to Orbit Connect India, the project aimed at providing high-speed internet via satellite. These authorizations, which Orbit Connect obtained from the Indian National Space Promotion and Authorization Centre (IN-SPACe) in April and June, permit the company to operate satellites over India. To begin operations, however, more approvals from the Department of Telecommunications are needed.
IN-SPACe chairman Pawan Goenka has revealed that Inmarsat, another company that plans to provide high-speed satellite internet, has also been approved to operate satellites over India. Permission requests have also been made by Kuiper from Amazon.com and Starlink from Elon Musk. Late last year, OneWeb, supported by Eutelsat and Bharti Enterprises, obtained all required permissions.
According to Deloitte, the satellite broadband industry in India is expected to expand at a 36% annual pace and reach $1.9 billion by 2030. The race to deploy satellite internet to remote locations is getting more intense on a global scale. 2019 saw the announcement by Amazon of a $10 billion investment in Kuiper, coinciding with SpaceX’s start of Starlink satellite deployment. Starlink was just given preliminary approval by Sri Lanka to provide internet services.
Goenka highlighted that, like in the case of the automobile industry, more competition in India’s satellite internet market would benefit customers by spurring innovation and bringing down costs. IN-SPACe intends to provide the go-ahead for private businesses to run ground stations so that satellite operators can download data across India.
The administration of Prime Minister Modi, who has been elected to a third term, is aggressively encouraging the growth of India’s space sector. This year, it removed all previous restrictions on 100% foreign direct investment in the production of satellite systems and components, which greatly boosted investor interest. “Last year, investments in private companies ranged from $2 million to $7 million. This year, they are discussing amounts between $20 million and $30 million,” Goenka said. “The proof of concept has been established.”
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