The government can give all the necessary approvals to Elon Musk's electric car manufacturing company 'Tesla' by January 2024 to set up a manufacturing unit in India. For this, the government department is working rapidly. Economics Times (ET) has given this information in one of its reports.
According to the report, this information has come after a high level meeting held in the Prime Minister's Office on Monday, in which the next phase of electric vehicle manufacturing in the country including Tesla's investment proposal was discussed.
ET quoted an official as saying that the meeting held at the Prime Minister's Office on Monday was mainly on general policy matters, but fast-tracking approval for Tesla's proposed investment in the country by January 2024 was a major agenda.
Elon Musk's EV manufacturing company Tesla wants to manufacture and sell battery storage systems along with electric cars in India. The company has given a proposal to the Indian authorities for this.
According to media reports, Tesla officials had a meeting with Indian government officials on May 17. In this meeting, the company had expressed its desire to set up a manufacturing unit to make electric cars in India.
Officials had told the Tesla team that the government is ready to give time to establish the domestic vendor base, but Tesla will have to give a confirmed time slot for this.
In June this year, Tesla CEO Elon Musk met Prime Minister Narendra Modi in New York. After this meeting, Musk said- India has more possibilities than any other big country in the world. I am excited about the future of India. I am a fan of Modi. It was a great meeting and I like him a lot.
PM Modi also tweeted the picture of this meeting and wrote - 'It was a great meeting with you today, Elon Musk. We discussed issues ranging from energy to spirituality.