SpaceX, owned by Elon Musk, creates subsidiary in India, plans to apply for license

The richest person in the world SpaceX owned by Elon Musk has incorporated its wholly owned subsidiary in India to launch local broadband operations, a senior company official said.

SpaceX’s satellite broadband arm, Starlink, aims to launch broadband services in India from December 2022, with two active lakh terminals subject to government clearance.

“Glad to share that SpaceX now has a 100% subsidiary in India. The name is SSCPL – Starlink Satellite Communications Private Limited and the date of incorporation is November 1, 2021. Happy Birthday, SSCPL. We can now start to apply for licenses, open bank accounts, etc. Starlink India Country Director at SpaceX Sanjay Bhargava said in a social media post.

Starlink claims to have received over 5,000 pre-orders from India. The company charges a deposit of $ 99 or Rs 7,350 per customer and claims to provide data speeds of between 50 and 150 megabits per second in beta.

The company’s services will compete with Reliance Jio, Bharti Airtel and Vodafone Idea in broadband and will be a direct competitor to OneWeb, backed by the Bharti group.

Elon Musk, founder of Tesla

The company wants to work in rural areas to provide broadband services.

Earlier in July this year, U.S. electric vehicle maker Tesla could set up a manufacturing unit in India if it succeeds with vehicles imported into the country, according to company CEO Elon Musk.

He said, however, that at present India’s import tariffs are “the highest in the world” and hopes for “at least temporary tariff relief for electric vehicles”.

Interacting on Twitter with followers who asked him to launch Tesla cars in India, Musk said, “We want to do it, but import duties are by far the highest in the world of any major country!”

(Disclaimer: Additional background information has been added to this PTI copy for context)

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