Elon Musk’s Starlink to enter India because it participates in billionaires

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Elon Musk was operating unabated to storm the profitable India market, a point during which he confirmed His meeting with Prime Minister Narendra MinistryI am in Washington, DC, last month, as CNBC confirmed.

At this meeting, MUSK reverted to Modi the benefits of expanding access to the Internet all over the world’s most populous world, according to the sources of the room. It seems that the Musk Stadium has succeeded, with SPACEX’s announcement of deals with the dominant players in Indian Telecom – JIO and AIRTEL – which will put Starlink Internet Services all over India.

Musk spoke to Moody around space and satellites before. Why was India more accepted this time?

Sources close to New Delhi say that the role of Musk in the White House is undoubtedly stimulating the Indian government to reassess the Starlink deal.

As I mentioned last weekThe commercial talks between us and the Indian officials did not penetrate, as Trump says The United States will receive the mutual tariff for India Starting April 2, according to the local media.

While India and the United States It remains in commercial conversations, and two deals are seen as a great victory for musk.

The richest person in the world will finally be able to reach a very important consumers market for mobile phones that have been competing for years.

In addition, Musk gets a partner instead of competing with JIO and BHARTI AIRTEL’s Rellence, which together dominates the booming communications market in India. Musk also provides a unique opportunity to work with the heads of competing specializations for strong Indian communications and billionaires: Mukesh Ambani and Sunil Mittal. The two are great and influential.

“The area, defense and India are essentially the biggest opportunities for any company in the world at the present time. Musk gets the three … at the same time adds a completely new dimension to the overthrow of the American power in the most considering region in the world,” said Elliot Pines, the former president of Andwell technology, a phone defense technology company.

Possible “new dawn” for American companies in India

One of the biggest challenges faced by foreign companies that storm India was protectionist policies, intense competition from local competitors and the inability to penetrate India as an external. American companies including Deadand Wal Mart and Amazon Its share of the challenges on the ground.

“India was historically a very difficult market for American companies, but this may be a new dawn,” Bens added.

The opportunity is great. After I recently traveled across different parts of India a few months ago, I was surprised by the limited access to the Internet in small cities.

Starlink, which uses satellites for the low -Earth, may prove useful in non -urban areas and the wealthiest parts in the country where access to the Internet remains incomplete.

“Starlink) should provide a big boost … especially in the rural and remote areas of India, where traditional communication networks do not work in particular,” Bravin Krishna, a professor of international economics at Johns Hopkins University, told CNBC by phone.

Neil Shah of Counterpoint Research explained that Starlink can provide the Internet in rural areas in India where JIO and Artel does not have communication, which is charged with building communications infrastructure. JIO and AIRTEL will then get local customers on behalf of Starlink, where they sell the equipment needed to operate a high -speed internet.

The connection may be intermittent

But the challenges are waiting.

To formally enter India, Starlink still needs to overcome many organizational obstacles and gain a license to contact the Indian government currently.

While partnership with ABani and Mittal looks promising, the mechanics behind Starlink raised several questions.

To anyone, will both Geo and Artel give up the initial plans made with Europe? Companies to provide satellite Internet services in India? Last year, JIO Arm Jio revealed a joint venture with SES, a company based in Luxembourg, to operate satellites in India. Aartel has an alliance present with Eutelsat OneWeb.

Starlink will need to move in technical challenges, such as reducing overlap because satellites generally require the vision line and can be affected more easily with weather disorders, according to CITI analysts.

“We believe that satellite networks will be more suitable for serving remote rural areas, where there are gaps in coverage instead of high -density urban areas, as satellites may not be able to match the ground networks in terms of capacity and coverage,” City analysts said.

Starlink will also need to make its service more affordable in a market sensitive market like India, especially if the opportunity lies in rural areas where the income is less.

“While there is an opportunity to connect a lot of people to the Internet, pricing will challenge Starlink’s ability to expand,” Shah told CNBC on the phone.

Starlink is currently about $ 110 per month for users at the cheapest WiFi package in the United States for India in India less than that a year.

Industry experts say this is the place where local governments will be exposed to providing incentives and benefits to make access to wide wide prices. This is where the new billionaire musk friends can provide guidelines that affect the need.

MUSK relations with President Trump may have given Starlink The Green Light to enter India, but the success of the satellite space company depends on its strong Indian partners, and the price it settles on.

The investment capital market in India returns to appear. The total investments in the country’s start -up scene amounted to $ 13.7 billion in 202440 % increase from the previous year, according to a report issued by Bain & Company. The number of deals increased by 45 % to 1,270 in 2024, compared to 880 in the previous year. This makes India the second largest VCS market in Asia and the Pacific. The consumer technology sector has attracted the most investment, even if it is traditional, such as banking and retail trade rapidly.

Amazon It is said Planning to narrate its Indian unit. The US e -commerce giant started talks with JPMorgan and investment banks in India, according to the sources that spoke to Youstory, an Indian publication covering startups. Spinning from its Indian unit Amazon will be allowed to maintain stocks in the country rather than just work as a mediator between buyers and sellers.

India and New Zealand to start the negotiations of the Free Trade Agreement. At the New Zealand Economic Forum in New Delhi on Tuesday, New Zealand Prime Minister Christopher Luxon said it is open to strengthening economic relations with India and We look forward to signing a commercial deal within 60 days. The value of trade between the two countries is currently $ 1.75 billion and can multiply 10 times in the next twenty to 25 years, and the Indian Minister of Trade and Industry has predicted.

India and Malaysia are looking to expand bilateral economic relations. The Minister of State in South Asia for Trade, Industry, Information Technology and Information Technology met Getin Brasada, Deputy Minister of Investment, Trade and Industry, Leo Chen Tong, New Delhi, on Tuesday. In their meeting, the trade and trade ministers discussed opportunities Deepening cooperation in the manufacture of semiconductors As well as increasing bilateral trade.

Wholesale prices in India decrease. Wholesale price index in February came 2.38 %It reaches 2.31 % in January, according to the Indian government data issued on Monday. 33.59 % in vegetable oil prices contributed to the sentence of wholesale prices. The country’s consumer price index, which was issued on March 12, reported an increase of 3.61 % in February.

Indian stocks were in a positive area for four consecutive sessions per week, with Elegant 50 0.68 % high index at 12 pm local time.

Indian government bonds return for 10 years increased to 6.7443 %.

On CNBC TV this week, Adrian Zuercher of UBS Global Wealth Management said that India is still “one of the best structural stories in Asia.” This is although the economic growth in the country is “silent” and the stock market passes a difficult year in 2025 due to investors’ achievement of profits and the re -customization of the capital to China. Indian stocks now at more reasonable prices And “providing more upward trend” to investors, added Zuercher.

Meanwhile, in a separate interview, Vikas Persad reinforced the M&G investments of Zuercher, saying that the company is still. “Very constructive on India“The large -minded Indian shares have achieved well not only in terms of price but also in” implementation “, which indicates that the long -term growth story in the country is” very intact “, while Persad admitted that India’s economic growth may not expand as much as it was previously expected, Persad said he was still” much higher than anywhere in the world. “