look news india
Satellite Internet: Reliance Industries' Jio Platforms, in partnership with Luxembourg's SES, has got the green signal from India's space regulator to operate satellites for high-speed internet According to a government official, Orbit Connect India has been granted three approvals, making it a promising option for providing internet via satellite. These approvals, issued by the Indian National Space Promotion and Authorisation Centre (IN-SPACE) in April and June, allow Orbit Connect to place satellites over India.
However, further approval from the department is still required before the service can be launched. The approval comes as a significant development in the race to offer satellite communication services, where Amazon and Elon Musk Companies such as Starlink are also competing. Inmarsat and others have also received approval to operate satellites, highlighting growing interest in the satellite broadband market, In-Space Chairman Pawan Goenka told Reuters.
Strong growth forecast
Deloitte predicts strong growth for India's satellite broadband market, estimating 36% annual growth over the next five years, with revenue expected to reach Rs 1.9 billion by 2030. Globally, the race to connect rural areas via satellite internet is heating up. Amazon's Kuiper initiative, with a planned investment of $10 billion, and SpaceX's Starlink, which is already operational, are major players in this space.
