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[Reliance Industries Limited @RIL_Updates]

Statement from Reliance Industries

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 await clearances.

At Reliance, we have never feared competition. We see it as the truest test of who serves the customer best. Jio itself entered India's crowded telecom market in 2016 as the newest player, with not a single customer. In just ten years, Jio has earned the trust of over 530 million customers and given Indians some of the best digital infrastructure and most affordable data in the world.

We welcome competition in satellite communications, including Starlink. Every player, Jio included, must serve the people of India and abide by the laws and policies of the land.

[Suhena @cat72093]

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