A joint venture between Reliance Industries and Luxembourg-based SES has been given approval to deploy satellites above India to provide high-speed internet.
According to Reuters, the three approvals were given to Orbit Connect in April and June and have been reported for the first time.
The move comes as Elon Musk-owned Starlink and Jeff Bezos's Amazon are vying for Indian space to launch similar satellites.
The authorisations granted by the Indian National Space Promotion and Authorisation Centre, known as IN-SPACe, will allow Orbit Connect to operate satellites above India. Further approvals are needed by the country's department of telecoms to begin operations.
According to an estimate by consultancy firm Deloitte, the satellite-based high-speed intent market is expected to grow to $1.9 billion by 2030, growing by 36 per cent over the next five years.
With Starlink being the leader in the field, and Amazon in tow, a race has begun to deploy satellites in space to bring high-speed internet to the most rural and remote areas of the world.
Image Source: Unsplash
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