Elon Musk will not attend Vibrant Gujarat, but will set up production plant in India
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Gandhinagar: Tesla Inc owner and world’s leading industrialist Elon Musk will not attend the global event Vibrant Gujarat Summit organized in Gujarat, but he will build a production plant in the same Gujarat to make electric, sell it in India and then export it to other countries of the world. want. For this, they want to get exemption on taxes and import duties from the Indian government through the American government and also want to change the electric motor vehicle policy for their own benefit.
GIDC confirmed
According to media reports, the speculation of electric vehicle manufacturer Tesla owner Elon Musk coming to the Vibrant Gujarat Global Summit has been rejected by a senior government official last Wednesday. When Rahul Gupta, managing director of Gujarat Industrial Development Corporation (GIDC), asked about the possibility of Musk attending the Vibrant Gujarat conference that began on Wednesday, a state government official replied in the negative. Another official said on condition of anonymity that Musk is not expected to come. If he had come, would he not have attended the inaugural session? Would he have participated on the second and third day of the conference?
Gujarat will provide facilities to Elon Musk’s company
The GIDC chief said that it is the prerogative of any company to decide where and how much to invest. As far as Tesla is concerned, if it decides to come to Gujarat, the state government will be very happy to facilitate them. He also said that the state’s industrial landscape and strong infrastructure can attract a company like Tesla. Earlier, Foreign Secretary Vinay Kwatra, while referring to the meeting with Musk during Prime Minister Narendra Modi’s last visit to America, said that many elements of value chain, economic and commercial investment driven opportunities were discussed between the two.
Tesla will set up a plant in Gujarat
Speculation about Elon Musk’s visit to India in January intensified after the Gujarat state government said in December that it was very hopeful that Tesla would set up a plant in the state amid the growing electric vehicle market. Gujarat government officials had said that Musk is considering Gujarat as his first choice to enter the Indian market with Tesla. Government spokesperson Hrishikesh Patel had said in December that Gujarat was on their mind ever since they started surveying India to find a suitable location to set up the plant.
Is India ready to bring Tesla?
Elon Musk, founder and chief of Tesla, the world’s largest electric car manufacturer, had said last year that he plans to visit India in 2024, which is likely to expand the business of his companies in the country. Times of India quoted sources as saying that Tesla is in touch with the Center to set up a plant in Gujarat soon. When it comes to setting up Tesla plants, the state of Gujarat has been a leader. Especially since it has emerged as an automobile hub for brands like Tata, Ford and Suzuki.
Elon Musk met PM Modi in June 2023
Let us tell you that during his visit to America in June 2023, Elon Musk met Prime Minister Narendra Modi and discussed about setting up an electric car production plant in India. Tesla had earlier also talked about investing up to $2 billion to set up an EV factory in India. The main hurdle to overcome for a potential partnership between Tesla and the Indian government is the 15 to 20 percent concession sought by the car company on the import duty of cars for at least the first two years.
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