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India should challenge Elon Musk's monopoly in space-based communications

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India should challenge Elon Musk's monopoly in space-based communications
Benchmarks Nifty22,622.70-99.25FEATURED FUNDS★★★★★UTI Aggressive Hybrid Fund Regular Plan-Growth5Y Return8.71 % Invest NowFEATURED FUNDS★★★★★Motilal Oswal Midcap Fund Direct-Growth5Y Return19.29 % Invest NowEnter search text:
    The Economic Times daily newspaper is available online now. Read Today's Paper India should challenge Elon Musk's monopoly in space-based communications: Former Niti VC Rajiv KumarPTILast Updated: Oct 11, 2026, 01:20:00 PM ISTSynopsis

    Rajiv Kumar proposed using the $145 billion in the Universal Service Obligation fund for this purpose. Kumar suggested supporting Indian telecom companies like Airtel and Reliance Jio to establish satellite networks.

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    Loading...×New Delhi: India can and should challenge Elon Musk's monopoly in space-based communications, former Niti Aayog Vice Chairman Rajiv Kumar said on Sunday.

    In a social media post on X, Kumar said the government has USD 145 billion sitting in the USO (Universal Service Obligation) fund.

    "This should now be utilised to help Indian telecom network providers like @airtelindia and @reliancejio to urgently put up their satellite networks to compete with @elonmusk Starlink," he said.

    Kumar said this will be a far better use than waiting indefinitely for BSNL to develop the required capacity for achieving universal coverage.

    Also read | Musk steps up Starlink push, says "competition would benefit Indians", hits out at "army of Internet shills"

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        "India can and should challenge Musk's monopoly in space-based communications," he said.
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          Source: Economic Times — Telecom ↗

          Figures reflect the source report and its stated period. This article is for information and is not investment advice.