📷 Image Credits: The Hindu
American tech billionaire Elon Musk congratulated Prime Minister Narendra Modi on his historic Lok Sabha election victory, expressing his excitement about his companies doing ‘exciting work’ in India. Mr. Modi, set to be administered the oath of office on June 9 for his third consecutive term as Prime Minister, received well-wishes from Musk on his win in the world’s largest democratic elections. The message comes after Musk postponed his visit to India earlier this year due to prior obligations in April. However, he expressed his eagerness to visit the country later in the year. Last year, during a meeting between Mr. Musk and PM Modi in the U.S., the Tesla CEO had expressed confidence about entering the Indian market, with plans for Tesla to set up manufacturing units in the country. Additionally, he hinted at investments amounting to billions of dollars and the launch of Tesla electric cars in India. Musk’s interest in the Indian market isn’t limited to electric cars; he is also eyeing opportunities for his satellite internet business, Starlink, pending regulatory approvals. His postponed visit coincided with the Indian government’s announcement of a new electric vehicle policy offering import duty concessions for companies investing at least $500 million in manufacturing units in the country, a move aimed at attracting global players like Tesla.
