Telangana Aims Tesla Project, Minister Sridhar Babu Extends Warm Welcome to Elon Musk
As Tesla CEO Elon Musk confirms his upcoming visit to India later this month. The state of Telangana eagerly extends a warm welcome to the billionaire entrepreneur. D. Sridhar Babu, the Minister of Industries and Commerce for Telangana, is leaving no stone unturned. In his efforts to entice Tesla to establish its India plant in the state.
Expressing his enthusiasm for Musk’s visit, Babu took to his X.com handle to extend a heartfelt invitation. Stating, “Dear @elonmusk – Telangana, The Youngest State of India welcomes you to India.” In a previous post on X.com, the minister underscored the state’s industry-friendly policies. Emphasizing Telangana’s commitment to fostering a conducive business environment. “Telangana, with its industry-friendly policy, is working with a progressive and futuristic vision by creating world-class infrastructure. And a hassle-free permissions system to enable companies like TESLA to flourish,” he affirmed.
While Telangana continues its dialogue with Tesla, Elon Musk has confirmed his intention to visit India. Later this month to meet with Prime Minister Narendra Modi. Sources suggest that Musk’s visit will likely entail discussions on the company’s investment plans in India. It is anticipated that Musk will be accompanied by other senior executives from Tesla during his visit, scheduled for the week of April 22.
Telangana Aims Tesla Project, Minister Sridhar Babu Extends Warm Welcome to Elon Musk
Tesla’s interest in the Indian market has been evident for some time. Last year, during his meeting with Prime Minister Modi in the US, Musk expressed his intention to visit India in 2024. Affirming his confidence in Tesla’s entry into the Indian market. The upcoming visit follows the Indian government’s announcement of a new electric vehicle policy, offering import duty concessions to companies investing a minimum of USD 500 million in manufacturing units in India, with the aim of attracting major global players like Tesla.
Tesla’s journey in India has seen various developments, including discussions on import duty cuts and the possibility of setting up a manufacturing unit in the country. While Tesla had previously sought reductions in import duties to facilitate vehicle sales in India, Musk indicated that manufacturing would only be considered if the company could first sell and service its cars in the country.
With Musk’s impending visit and the Indian government’s initiatives to promote electric vehicles, the stage is set for a potential collaboration between Tesla and India’s burgeoning automotive industry.