File image of Prime Minister Narendra Modi with Tesla and SpaceX CEO Elon Musk, in New York. The billionaire congratulated Mr. Modi on the Lok Sabha election win
| Photo Credit: PTI
American tech billionaire Elon Musk on Friday stated he is wanting ahead to his corporations doing “exciting work” in India as he congratulated Prime Minister Narendra Modi on his historic election victory.
Mr. Modi shall be administered the oath of workplace on June 9, his third consecutive time period as Prime Minister.
“Congratulations @narendramodi on your victory in the world’s largest democratic elections! Looking forward to my companies doing exciting work in India,” Mr. Musk stated in a publish on X.
The congratulatory message got here two months after the CEO of the electrical carmaker Tesla and microblogging platform X in April postponed his proposed go to to India due to “very heavy Tesla obligations”.
Mr. Musk — who was anticipated to be in India on April 21 and 22 and scheduled to meet Prime Minister Modi — later wrote on X that he is wanting ahead to coming to India later this year.
In June final yr, Mr. Musk met with Mr. Modi throughout the latter’s U.S. go to and said that he deliberate to go to India in 2024 whereas expressing confidence that Tesla would enter the Indian market quickly.
His proposed go to had raised expectations that he would announce plans for electrical automobile maker Tesla to arrange store in the nation, alongside along with his satcom enterprise Starlink.
It was additionally anticipated that Mr. Musk would announce plans for Tesla to arrange its manufacturing unit in India and investments may very well be to the tune of billions of {dollars} and the way in which ahead for promoting Tesla electrical automobiles in India on the earliest.
Not simply electrical automobiles, he can also be eyeing the Indian marketplace for his satellite tv for pc web enterprise Starlink, for which regulatory approvals are awaited.
Mr. Musk had in the previous sought import responsibility discount in India for it to have the ability to promote Tesla automobiles in the nation.
Mr. Musk’s plan to go to India in April got here on the heels of the federal government asserting a brand new electrical automobile coverage, below which import responsibility concessions shall be given to corporations establishing manufacturing models in the nation with a minimal funding of $500 million, a transfer geared toward attracting main world gamers like Tesla.
