The state government has claimed that the state is already a hub to electric vehicles and an ideal place to establish its plant here….reports Asian Lite News
Karnataka has invited business magnate, CEO of Tesla to set up its plant in Bengaluru considered as the Silicon Valley of India.
Murugesh Nirani, Minister for Large and Medium Industries, took to twitter to invite electric major Tesla to start operations from the state.
“With over 400 Research and Development centers, 45 plus Electrical Vehicle (EV) startups and an EV cluster near Bengaluru, Karnataka has emerged as the EV hub of India. Mr Elon Musk, Karnataka would be an ideal destination to set up a Tesla plant. Bengaluru is already Tesla’s maiden address in India,” Nirani stated.
The state government has claimed that the state is already a hub to electric vehicles and an ideal place to establish its plant here. The state governments of Telangana, West Bengal, Maharashtra, Punjab and Tamil Nadu have already invited Tesla to open its base in their respective states.
Elon Musk has recently tweeted that he faced challenges from the government for releasing its products in India. “Tesla isn’t in India yet due to “Challenges with the government”, he wrote.
Tesla has registered its office in Bengaluru as Tesla India Motors and Energy Private Limited and named three directors. The firm is registered with an authorised capital of Rs 15 lakh and paid-up capital of Rs 1 lakh.
Welcoming the announcement, then Chief Minister of the state B.S. Yediyurappa tweeted: “Karnataka will lead India’s journey towards green mobility. Electric vehicle manufacturer Tesla will soon start its operation in India with an R and D unit in Bengaluru. I welcome Elon Musk to India and Karnataka.” However, he later deleted the tweet.
This was afterElon Musk informed that Tesla is facing a “lot of challenges” for its car launch in India, reports Asian Lite News
Days after Tesla CEO Elon Musk spoke about challenges when asked about the electric car’s entry into the Indian market, TRS Working President KT Rama Rao has invited the billionaire businessman to “set shop” in Telangana.
Rao said Telangana is a champion in sustainability initiatives and his government would be happy to partner with Tesla in working through the challenges.
“Hey Elon, I am the Industry and Commerce Minister of Telangana state in India. Will be happy to partner Tesla in working through the challenges to set shop in India/Telangana,” Rao said in a reply to Musk’s tweet.
Hey Elon, I am the Industry & Commerce Minister of Telangana state in India
Will be happy to partner Tesla in working through the challenges to set shop in India/Telangana
Our state is a champion in sustainability initiatives & a top notch business destination in India https://t.co/hVpMZyjEIr
“Our state is a champion in sustainability initiatives and a top notch business destination in India,” he added.
Musk on Thursday informed that the EV-maker is facing a “lot of challenges” for its car launch in India.
“Still working through a lot of challenges with the government,” Musk tweeted.
Musk was replying to a Twitter user, who asked: “Yo @elonmusk any further update as to when Tesla’s will launch in India? They’re pretty awesome and deserve to be in every corner of the world!”
Tesla wants to begin selling imported cars in India this year but says taxes in the country are among the highest in the world.
With a $39,990 global price tag, Tesla Model 3 may remain as an affordable model in the US but with import duties, it would become unaffordable in the Indian market with an expected price tag of around Rs 60 lakh.
Currently, India levies 100 per cent tax on the imported cars of price more than $40,000 (Rs 30 lakh) inclusive of insurance and shipping expenses, and cars less than $40,000 are subject to 60 per cent import tax.
Indo-China conduct 14-hour border talks and Pakistan seeks 100 years peace with India … writes Joyeeta Basu
India and China military delegates deliberated for more than 12 hours on disengagement at Patrolling Point 15 on Wednesday. The meeting at Moldo, in China, was the 14th round of military talks between the neighbouring countries to resolve the border dispute.
“We hope to resolve Patrolling Point 15 in the current round of talks,” said Indian Army chief General MM Naravane, according to reports.
India-UK trade: The British International Trade Secretary Anne-Marie Trevelyan launched talks for a Free Trade Agreement with India today. UK Prime Minister Boris Johnson had earlier said: “We are seizing the opportunities offered in growing economies of the Indo-Pacific to cement our place on the global stage.”
UK International Trade Secretary Anne-Marie Trevelyan meets India’s Commerce and Industry Minister Piyush Goyal
COVID-19 cases: In other news, India recorded 2.47 lakh new COVID-19 cases, driven by Omicron. It is the highest single-day rise in the ongoing wave, bringing the country’s tally to 3.63 crore cases, reported NDTV.
Business news
Rupee appreciates: The rupee is expected to appreciate further amid weakness in the dollar and optimistic global market sentiments, the Financial Times has reported. Also, data showed inflation surged to a five-month high to 5.59% in December 2021 but remained under RBI’s comfort zone.
Tesla to skip entry to India: Meanwhile, Elon Musk has ruled out Tesla entering the Indian market due to ‘challenges with the government’. Tesla CEO Elon Musk has been in talks with Prime Minister Narendra Modi’s administration for years, but disagreements over a local factory and the country’s import duties of 100% have led to an impasse, reported NDTV.
(Source IANS)
Pakistan
Pakistan’s new national security policy has sought 100 years of peace with India. It has also proposed normalisation of trade and economic ties without waiting for a final resolution of the Kashmir issue, reported the Times of India.
The first of its kind “codified” policy will be released by Pakistan PM Imran Khan on Friday.
Bangladesh
Eleven-point restrictions to curb Omicron transmission have been put in force by the Dhaka government today. This includes wearing masks at all public places, public transport carrying passengers at half capacity, and increased scanning at land, sea, and airports.
One-billion-dollar loan: Sri Lanka has sought a one-billion-dollar loan from India, reported the Financial Express. The governor of the Central Bank Ajith Nivard Cabraal confirmed the news on Wednesday, as the crisis-hit country faces a shortage of almost all essential commodities.
Sri Lankan President Gotabaya Rajapaksa and Indian Prime Minister Narendra Modi
Sri Lanka has been facing a fiscal deficit and trade deficit for a major part of the last decade. The cumulative foreign debt of the country was estimated at USD 33 billion in 2019, according to the Hindustan Times.
Nepal
COVID-19 cases surge: The Covid-19 infection rate in Nepal has soared by about 69 per cent in the last 24 hours forcing authorities to clamp restrictions as the Himalayan Nation braces for the third wave of the pandemic.
In the last 24 hours, Nepal logged 2,444 new cases of coronavirus while on Monday, the country had confirmed a total of 1,446 new cases, according to the Times of India
On a lighter note…
Bollywood director Karan Johar has today launched a teaser of Bollywood actors Akshay Kumar and Emraan Hashmi’s movie called Selfiee. The film directed by Raj Mehta will go on floors soon.
@Taapsee Pannu has also launched the date of her upcoming movie trailer in a unique way. Sharing a poster from the film, she said: “Choose the date u want the trailer on!!!! The audience can choose when the trailer should drop on their Netflix, it’s exciting right!?”
Looop Lapeta is a thriller drama and is helmed by Aaksha Bhatia. It will release on Netflix on February 4.
