Home » Elon Musk’s Gujarat Summit Absence Sparks Speculation, State Eager for Tesla Investment

Elon Musk’s Gujarat Summit Absence Sparks Speculation, State Eager for Tesla Investment

Published By: Samreen Pall

Last Updated: January 11, 2024, 12:22 IST

Elon Musk’s Gujarat Summit Absence Sparks Speculation, State Eager for Tesla Investment.

Gujarat govt denies Elon Musk’s attendance at Global Summit but welcomes Tesla’s potential investment in the state’s thriving electric vehicle sector.

Amid speculation that Elon Musk will visit Gujarat, a senior government official on Wednesday said the billionaire-founder of Tesla is not coming for the ongoing Vibrant Gujarat Global Summit, but they are welcome to invest in the state.

The state is very keen to get Tesla if it comes to India, Managing Director of Gujarat Industrial Development Corporation Rahul Gupta said. He also said the state is already home to a slew of electric vehicle manufacturers.

To a specific question on whether Musk is expected to attend the three-day event inaugurated by Prime Minister Narendra Modi earlier in the day, a state government official replied in the negative. “Musk is not expected.

If he were to come, would he not attend the inaugural session? Will he be attending the seminars on day 2 and day 3?” the official said on the condition of anonymity. Speculation was rife that Musk might attend the summit.

“You will appreciate that it is the prerogative of any particular company on where to invest and what to invest. So as far as Tesla is concerned, the government of Gujarat will be more than happy to facilitate them in case if they decide to come to the state,” Gupta said.

He also said the state’s industrial landscape and robust infrastructure were among other draws that can entice a company like Tesla. Earlier, Foreign Secretary Vinay Kwatra alluded to a meeting between Modi and Musk during the PM’s last visit to the US.

“There were many elements of value chain, economic and commercial investment driven opportunities that were discussed between the Prime Minister and the leaders.

“And Tesla leadership had extensive meetings with a focus on how exactly can Tesla partner more strongly in the period of investment and manufacturing partnership with India so that it strengthens that segment of the automobile manufacturing in India,” Kwatra said.

(This story has not been edited by News18 staff and is published from a syndicated news agency feed – PTI)

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