Prime Minister Narendra Modi is currently on a visit to America. Here he is scheduled to meet with US President Donald Trump. In such a situation, all eyes are on the decision of Elon Musk's electric car company Tesla to come to India. The reason for this is that Elon Musk has also been given an important responsibility in Donald Trump's new government.
Donald Trump has always been vocal about imposing high taxes on imports from India. Elon Musk has also expressed his desire to come to India, but he too has described import tax as a big obstacle. In such a situation, during the meeting with PM Modi, there can be a big discussion on this issue between the two countries.
Last year, the Indian government made major changes in its EV policy. Recently, TRAI has also indicated that the way may open for new telecom companies and satellite communication companies to come to the country. In such a situation, it is believed that these big changes are being made to encourage Elon Musk's Tesla and Starlink to invest in India.
Tesla has also been trying to enter the Indian market for a long time. But Elon Musk has been raising the issue of high tariffs. In such a situation, when he himself is involved in Donald Trump's government and has a very strong position, then there is every possibility that he can negotiate with the government before investing in India.
In March last year, Elon Musk had planned to visit India and meet PM Modi, but postponed it at the last moment. India has reduced the tax on import of electric vehicles to 15 percent, earlier it was 70 to 100 percent. But exemption in import duty will be given only when the foreign company gives assurance of investing in India.
Elon Musk's power has increased a lot in Donald Trump's government. The government has created a new department 'Department of Government Efficiency' (DOGE) whose head has been made Elon Musk. The work of this department will be somewhat like India's CAG and Lokpal. It will work on eliminating the wasteful expenditure of the government and increasing the efficiency of the departments.
