New Delhi, Oct. 16 -- Reliance Industries issued a statement on Friday that it welcomes competition in India's satellite communications space, including Elon Musk's Starlink, while emphasizing that every participant in the sector must adhere to the rule of law and existing national regulations.

"In light of recent remarks about Reliance and the Indian market, we wish to place the facts on record. Like every Indian enterprise, Reliance has grown in an India that welcomes investment and innovation, homegrown or international, that improve the lives of the people. That openness rests on the rule of law. As the Government of India has stated, it applies the same process to every applicant, Indian or foreign. Jio's own satellite services awai...