Headlines Of The Day
Starlink unable to make requisite declaration
Starlink’s satcom services licence, to provide voice and data communication services from space in India has yet not come through.
The communications ministry has sought clarity from the Department for Promotion of Industry & Internal Trade (DPIIT). According to the foreign investment policy set by DPIIT in 2020, a foreign investor must share complete shareholding details to check if there are any investors from countries sharing a land border with India (read China).
Starlink is unable to reveal full shareholding details of Starlink-parent SpaceX, as it is an unlisted entity and the US privacy laws bar it from making a full disclosure on this front.
It has however given the declaration that none of its investors are from countries, which share a land border with India. And requested that this declaration be accepted for granting approval for the GMPCS (global mobile personal communication by satellite services) licence.
BCS Bureau