Elon Musk delays India trip due to pressing Tesla commitments.
Tesla’s workload grounds Musk’s India visit. The billionaire entrepreneur, the visit to Elon Musk, CEO of Tesla, to India has been delayed because of urgent matters requiring his attention at the company. Despite the postponement, Musk intends to reschedule for sometime later this year.
At the beginning of the month, musk also posted and shared an interest in meeting PM Modi. Musk was planned to meet up with PM Modi this month on 22 th—Elon Musk and PM Modi’s last appointment in New York. For months, Tesla has been pressuring the Indian government to reduce import taxes on electric vehicles while considering setting up a factory there.
In search of an Indian partner for its electric car business, Tesla is reportedly in discussions with Reliance Industries for a joint venture to set up an EV manufacturing plant in India.
In line with recent reports, Elon Musk dispatched a team to India this April to identify potential locations for a new electric car factory estimated to cost between $2 billion and $3 billion.
Reports suggested Elon Musk was ready to announce a major investment of around ₹3 billion in India, most of which would go towards building a new factory.
Elon Musk’s satellite internet project, Starlink, is still awaiting government approval. Officials are reviewing the application, focusing on security considerations according to PTI.
Good news for Starlink! According to the report, their application complies with all foreign investment and financial regulations. They’ve also completed the ownership disclosure process.
The final approval is, however, contingent upon security clearance from the Home Ministry. This is a standard procedure for any foreign company dealing with telecommunications.
Also read : Unknown facts Unveiling the Mechanism of the Surya Tilak at Ayodhya’s Ram Mandir
Greenlighting Starlink’s operations in India could strengthen the existing security partnership between the two nations. This comes after India relaxed foreign investment rules for its space sector in February, opening doors for companies to invest in satellite and rocket manufacturing.
