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Elon Musk's Starlink has received a Letter of Intent for a satellite communications license from India's Department of Telecom, paving the way for its Global Mobile Personal Communication by Satellite (GMPCS) license. This move is expected to enhance competition in the Indian telecom sector and improve internet access for consumers. Following this approval, Starlink will require additional permissions before commencing operations.
Elon Musk's Starlink is one step closer to operating in India, having received a letter of intent from the Department of Telecom. This follows previous agreements with Airtel and Jio, contingent on regulatory approval, as Starlink aims to provide satellite-based broadband services in the country. Union Minister Ashwini Vaishnaw had previously expressed support for Starlink's entry, highlighting its potential benefits for remote areas.
Union minister Piyush Goyal engaged in discussions with UK leaders, describing the meeting as a "fruitful exchange." The focus of the talks was to enhance economic ties between India and the UK, highlighting the importance of collaboration for mutual growth.
Dubai and India have signed eight MoUs to enhance economic and strategic cooperation, covering sectors such as infrastructure, healthcare, and education. The agreements, witnessed by Dubai's Crown Prince and India's Commerce Minister, aim to facilitate market entry, investment, and joint initiatives, including the establishment of a UAE-India Friendship Hospital and a world-class campus for the Indian Institute of Management Ahmedabad in Dubai.
At Startup Mahakumbh 2025, Union Minister Piyush Goyal criticized India's startup ecosystem for prioritizing luxury consumer brands like gourmet ice cream over critical sectors such as semiconductors and AI. He urged entrepreneurs to focus on transformative innovations that align with national priorities, questioning whether the future of India should be limited to niche markets. Goyal emphasized the need for deeper technological advancements to ensure the country's global competitiveness.
India's Commerce Minister, Piyush Goyal, announced a goal to cultivate 5,000 unicorns, starting with an initial target of 1,000. Speaking at the Vejalpur Startup Festival 2.0, he highlighted the importance of startups in driving innovation and urged entrepreneurs to embrace a people-centric approach and view failure as a learning opportunity.
Union Minister of Commerce and Industry Piyush Goyal highlighted that several nations are looking to adopt India's development model, particularly the Startup India initiative that fosters innovation. He announced plans to increase the number of unicorns in India from 118 to 1,000 and eventually to 5,000, emphasizing the shift from job seekers to job creators within the startup ecosystem.
Elon Musk's Tesla faces high import duties in India, reaching up to 110%, which has previously hindered its market entry. The Trump administration is advocating for zero tariffs on automobile imports in trade negotiations, while India is considering potential reductions after consulting domestic stakeholders. Both nations aim to resolve tariff disputes and enhance bilateral trade, targeting $500 billion by 2030.
PSIQUANTUM has achieved a significant milestone in manufacturing photonic quantum chips at scale, addressing major hardware challenges in quantum computing. Meanwhile, India and the EU have strengthened their collaboration on AI, digital governance, and semiconductor ecosystems, committing to enhance digital cooperation, promote ethical AI, and ensure supply chain resilience. They also agreed to work on interoperability of Digital Public Infrastructures and bridge the digital skills gap through talent exchange initiatives.
Commerce Minister Piyush Goyal has called for policy changes to address food inflation and high interest rates, questioning their impact on the demand for staples like tomatoes and pulses. He expressed confidence in India's economic resilience, attributing recent GDP slowdown to temporary election-related factors while highlighting the strength of the country's macroeconomic fundamentals.
Piyush Goyal
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