Digital Scoop India Official Platform of Digital Scoop India Featuring Latest & Best News #Articles #Bytes #Entertainment #DigitalScoopMagazine
Related Articles
Prime Minister Narendra Modi has reiterated India’s stance on indigenous production, emphasizing the importance of local manufacturing in light of global investment interests, including those of Elon Musk’s Tesla. In an interview with ANI, PM Modi underscored the need for investments to align with India’s ethos and contribute to the nation’s employment opportunities, particularly for its youth.
PM Modi’s remarks come amidst heightened anticipation of Elon Musk’s potential investments and plans for Tesla’s entry into India. While welcoming foreign investment, PM Modi stressed the significance of ensuring that products are manufactured by Indian hands, resonating with the government’s push for ‘Make in India’ initiatives.
The Prime Minister’s statements reflect a broader strategy aimed at fostering a conducive environment for global companies while safeguarding India’s economic interests and promoting domestic manufacturing capabilities. PM Modi highlighted the country’s commitment to advancing in the electric vehicle (EV) domain, citing substantial growth in EV sales and infrastructure development.
India’s new EV policy, which incentivizes manufacturing units and domestic value addition (DVA), has garnered attention globally, particularly from companies like Tesla seeking to establish a presence in the Indian market. The policy’s provisions, including customs duties, investment thresholds, and localization targets, aim to spur investment, technology transfer, and job creation in the EV sector.
The impending visit of Elon Musk to India signals a pivotal moment in India’s electric mobility landscape, with states like Maharashtra and Gujarat extending enticing offers to facilitate Tesla’s potential manufacturing plant setup. This development aligns with PM Modi’s vision of leveraging investments for the nation’s growth and technological advancement.
PM Modi’s interview also highlighted India’s broader engagement with global technology leaders, including Google, Apple, and Samsung, reflecting a concerted effort to attract investments, promote innovation, and foster technology transfer across various sectors.
As India navigates its path towards sustainable growth and technological prowess, PM Modi’s emphasis on indigenous production and strategic investments underscores the country’s commitment to harnessing global opportunities while safeguarding its economic interests and promoting self-reliance.
Stay tuned for updates on Elon Musk’s visit and India’s evolving electric mobility ecosystem, as the nation continues to chart its course towards a greener, technology-driven future.
Sources By Agencies
