Elon Musk set to invest $2-3 billion in India, eyes new factory and Starlink expansion

Published April 18th, 2024 - 05:25 GMT
Elon Musk
Academy Museum of Motion Pictures in Los Angeles, California, on April 13, 2024. AFP
Highlights
In an upcoming meeting with Indian Prime Minister Narendra Modi, Musk aims to explore avenues for "Expanding Horizons" and discuss the role of technology in fostering inclusivity.

ALBAWABA- Elon Musk, the visionary entrepreneur behind SpaceX, Tesla, and X Corp., is poised to announce a substantial investment of $2 to $3 billion in India. 

The primary focus of this investment will be the construction of a new factory, reflecting Musk's confidence in India's potential. 

In an upcoming meeting with Indian Prime Minister Narendra Modi, Musk aims to explore avenues for "Expanding Horizons" and discuss the role of technology in fostering inclusivity.

When asked about the Indian Prime Minister Narendra Midi's leadership in embracing technology, Musk praised his commitment to fostering innovation and supporting emerging companies. 

Musk highlighted the vast potential for sustainable energy development in India, emphasizing the feasibility of solar and wind energy generation. 

Additionally, Musk expressed plans to introduce Starlink, his satellite internet service, to India, offering connectivity to remote and rural areas currently lacking internet access.

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