Monday, July 15, 2024

Elon Musk Congratulates PM Modi, Says Looks to Do “Exciting Work” in India

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Tesla and SpaceX CEO Elon Musk congratulated Prime Minister Narendra Modi on his re-election for a record third term to run the country. In a post on X (formerly Twitter), the tech billionaire admired the successful election and revealed his company’s intentions to invest in India.

“Congratulations @narendramodi on your victory in the world’s largest democratic elections,” Musk wrote. “Looking forward to my companies doing exciting work in India.”

This announcement comes after Elon Musk postponed his proposed visit to India in April due to “very heavy Tesla obligations.” He was expected to visit the country on April 21 and 22 and meet with Prime Minister Modi, but the visit was delayed. Musk later confirmed that he plans to visit India later this year. “Unfortunately, very heavy Tesla obligations require that the visit to India be delayed, but I do very much look forward to visiting later this year,” Musk posted on X.

Musk previously met PM Modi in June last year in the US, where he expressed confidence that Tesla would enter the Indian market soon, along with Starlink, SpaceX’s satellite internet service.

Tesla’s Plans in India

Tesla’s entry into the Indian market has been a topic of interest for some time. The company is likely to set up its manufacturing unit in India and make large-scale investments, which could significantly boost the country’s automotive industry. Last year, Tesla approached the Indian government seeking duty cuts to import its vehicles into the country, indicating the company’s serious intentions to establish a presence in India.

Elon Musk and PM Modi few months ago meeting in the USA.

SpaceX and Starlink Initiatives

In addition to Tesla, SpaceX’s Starlink project is also expected to make inroads into India. Starlink aims to provide high-speed internet across the globe using a constellation of satellites. This initiative could revolutionize internet access in rural and remote areas of India, enhancing digital connectivity.

Elon Musk’s announcement highlights a growing interest in India from global tech giants. With Tesla and SpaceX potentially entering the Indian market, the country could see significant advancements in both the automotive and technology sectors. Prime Minister Modi’s re-election appears to have further solidified investor confidence, paving the way for exciting developments in the near future.

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