In a significant move, Thaicom Public Company Limited has taken a leap into the Indian market. The company’s CEO, Mr. Patompob Suwansiri, revealed that its subsidiary, IPSTAR (India) Private Limited, has been given the green light to operate satellite services within India.
This crucial approval was granted by the Indian National Space Promotion and Authorization Center (IN-SPACe) on December 5, 2024. As a governmental agency focused on advancing space technologies, IN-SPACe is pivotal in supporting and regulating the expansion of the Indian space sector.
Mr. Patompob highlighted the immense potential in India, noting that the demand for broadband satellite services there dwarfs that of Thailand, being ten times greater. He is optimistic that revenue from the Indian sector could rise by 20-30%, potentially contributing up to one-third of Thaicom’s overall earnings.
The company’s efforts will concentrate on enhancing digital infrastructure through broadband solutions, especially targeting rural and remote regions. This strategy aims to bridge communication gaps and cater to the escalating need for internet access across India.
Additionally, the licensing of IPSTAR India is in harmony with the Indian Space Policy, which champions private sector involvement in the nation’s space initiatives. Looking ahead, Thaicom is set to collaborate with Gulf Energy Development Public Company Limited, exploring synergy in satellite technology and future advancements.
Thaicom Expands Horizons: A New Era of Satellite Services in India
Thaicom’s Entry into the Indian Market
In an exciting development for the telecommunications landscape, Thaicom Public Company Limited is set to make a significant impact in India with the authorized operation of its subsidiary, IPSTAR (India) Private Limited, to provide satellite services. This authorization, granted by the Indian National Space Promotion and Authorization Center (IN-SPACe) on December 5, 2024, marks a pivotal moment for both Thaicom and the Indian space sector, which is increasingly welcoming private participation.
Market Potential and Revenue Growth
Mr. Patompob Suwansiri, the CEO of Thaicom, expressed enthusiasm regarding the vast potential for satellite broadband services in India. With demand levels significantly exceeding that in Thailand—estimated to be ten times greater—this opens up a substantial revenue stream for Thaicom. Projections indicate that revenue generated from Indian operations could soar by 20-30%, potentially accounting for up to one-third of the company’s overall earnings in the near future.
Enhancing Digital Infrastructure
Thaicom’s strategy focuses on bolstering digital infrastructure, particularly in rural and remote areas of India. As the demand for broadband connectivity surges, especially in underserved regions, Thaicom aims to provide much-needed internet access. This initiative is not only a business expansion but also aligns with India’s broader goals of enhancing communication technologies and ensuring connectivity for all.
Alignment with Indian Space Policy
The licensing of IPSTAR India is closely aligned with the Indian Space Policy, which emphasizes the importance of private sector engagement in the country’s space endeavors. This policy provides a framework for collaboration between private firms and governmental entities, ensuring that innovations in space technology can be effectively harnessed to benefit society at large.
Collaborations for Future Innovations
Looking ahead, Thaicom plans to partner with Gulf Energy Development Public Company Limited. This collaboration is expected to leverage advancements in satellite technology, highlighting the importance of integrated efforts in driving innovation within the space sector. Together, they will explore new applications and technologies that can enhance broadband services across India.
Insights into the Future of Satellite Services
As the demand for faster and more reliable internet connectivity continues to grow, Thaicom’s entry into the Indian market could significantly influence the competitive landscape of satellite services. This move is indicative of a larger trend toward privatization and modernization within the Indian space industry, which is expected to attract further investments and innovations in the coming years.
Conclusion
Thaicom’s strategic move into the Indian satellite service market not only positions the company for revenue growth but also plays a crucial role in advancing India’s digital infrastructure goals. By focusing on rural connectivity, aligning with national policies, and pursuing innovative partnerships, Thaicom is set to become a key player in transforming the Indian telecommunications landscape.
For further information on the evolving landscape of the telecommunications industry and satellite services, visit Thaicom.
