Moneycontrol PRO
HomeNewsBusinessLooking forward to bring Starlink & Tesla to India, says Elon Musk after meeting PM Modi

Looking forward to bring Starlink & Tesla to India, says Elon Musk after meeting PM Modi

Tesla CEO Elon Musk says the electric carmaker is looking to invest in India 'as soon as humanly possible', following a meeting with PM Modi in New York.

June 21, 2023 / 09:21 IST
Elon Musk-owned SpaceX hopes to bring Starlink satellite internet service to India soon.

Tesla CEO Elon Musk on June 20 said that the electric carmaker is looking to invest in India "as soon as humanly possible", following a meeting with Prime Minister Narendra Modi in New York during PM Modi's state visit to the United States.

“I would like to thank the prime minister for his support and hopefully we'll be able to announce something in the not-too-distant future,” the Tesla CEO said.

Musk mentioned that the Prime Minister is pushing foreign business leaders to make significant investments in India. "We just have to figure out the right timing. He wants to do the right thing for India. He wants to be open and supportive to the companies. And obviously, at the same time, make sure that it accrues to India's advantage," he added.

Also ReadI am a fan of Modi, says Elon Musk after meeting PM

The billionaire entrepreneur and chief executive of SpaceX hopes to bring Starlink satellite internet service to the country, which, he feels will help internet penetration in rural India.

Recently, SpaceX executives revived talks with the telecom ministry in India for setting up satellite internet service Starlink in the country, according to TechCrunch, a popular Silicon Valley technology news site.

In late 2021, Starlink registered its business in India and roped in a top executive to manage the local business.

Also ReadPM Modi looks to solidify India’s tech ambition with US state visit

Sanjay Bhargava, the CEO appointed for Starlink India, resigned weeks later after the Centre ordered the SpaceX division to stop taking orders for the devices as it didn’t have the license to operate in the country.

In a LinkedIn post, Bhargava said he has stepped down as country director and board chairman due to “personal reasons”.

Last year, Starlink told its members that New Delhi had asked the company to refund all its pre-orders until it receives licences to operate in the country.

Starlink received more than 5,000 pre-orders for its devices in India but was struggling to receive commercial licences without which it cannot offer services in India.

Further, the Centre had advised people against subscribing to Starlink without a licence and ordered the company to refrain from taking bookings and rendering. services.

Moneycontrol News
first published: Jun 21, 2023 09:20 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347