By Tesla CEO Elon Musk says he is “incredibly excited about the future of India,” adding it has “more promise than any large country in the world.”
“I am a fan of Modi,” Musk admitted Tuesday in a video interview published on Prime Minister Narendra Modi’s official YouTube page.
“He really wants to do the right thing for India. He wants to be open, he wants to be supportive of new companies, but at the same time make sure it accrues to India’s advantage,” said the CEO of Tesla and SpaceX after their meeting in New York.
Modi and Musk last met in 2015 when the Indian prime minister visited Tesla’s Fremont Factory in California.
The Indian prime minister is on his first state visit to the U.S., where he’s expected to hold high-level talks with leaders and business executives on defense, technology and India’s role in the Indo-Pacific.
President Joe Biden will be hosting him at a White House dinner in Washington on Thursday, where Modi is expected to meet a slew of business leaders including Apple’s Tim Cook, Google’s Sundar Pichai, Microsoft’s Satya Nadella, according to CNBC’s Seema Mody.
Modi “really cares about India because he’s pushing us to make significant investments in India, which is something we intend to do and we’re just trying to figure out the right timing,” Musk said.
“Every single U.S. company which has a listed subsidiary in India has seen higher growth and value creation in India,” Nilesh Shah, managing director at Kotak Mahindra Asset Management, said.”
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