Categories: Economy

Adar Poonawalla has a message for Tesla boss: Invest in India

<p>
<strong>Adar Poonawally, CEO of the Serum Institute of India has a price of advice for Tesla’s top boss Elon Musk. On Sunday, Poonawalla took to Twitter to reach out to the world’s richest man asking him to invest in India for large scale production of Tesla electric cars.</strong></p>
<p>
Tesla has a registered office in India but has been reluctant to set up a manufacturing base here. Musk cited challenges with the government as the primary reason. Even as Musk has been eyeing the Indian market, he has often run into problems with the authorities here.</p>
<p>
The government has questioned Tesla's business practices of seeking tax breaks especially when it wanted to sell Chinese made cars in India.</p>
<p>
“Hey @elonmusk just in case you don't end up buying @Twitter, do look at investing some of that capital in INDIA for high-quality large-scale manufacturing of @Tesla cars. I assure you this will be the best investment you'll ever make,” Poonawalla said in a tweet.</p>
<p>
Musk has grabbed headlines after he clinched a deal to buy social media giant Twitter in a $44 billion deal.</p>
<p>
Meanwhile with Musk taking over Twitter, the social media firm will now become a private company.</p>
<p>
Musk criticized Twitter's moderation, calling himself a free speech absolutist, said that Twitter's algorithm for prioritizing tweets should be public, and has criticized giving too much power on the service to corporations that advertise.</p>
<p>
<strong>Also read: <a href="https://www.indianarrative.com/economy-news/musk-clinches-deal-to-buy-twitter-for-billion-will-trump-bounce-back-on-social-media-166763.html">Musk clinches deal to buy Twitter for $44 billion; will Trump bounce back on social media?</a></strong></p>
<p>
<strong><a href="https://www.indianarrative.com/economy-news/twitter-must-be-politically-neutral-to-deserve-public-trust-says-new-owner-elon-musk-167265.html">Twitter must be politically neutral to deserve public trust, says new owner Elon Musk</a></strong></p>

IN Bureau

Recent Posts

International committee urges Pakistani authorities to “swiftly, impartially investigate death threats against journalists”

The Committee to Protect Journalists (CJP) has urged the Pakistani authorities to "swiftly and impartially…

2 hours ago

Pakistan: Khyber Pakhtunkhwa witnessed 179 terror attacks in 2024, says report

A total of 179 terrorist incidents were recorded in Khyber Pakhtunkhwa (KP) province of Pakistan…

3 hours ago

EAM Jaishankar receives ASEAN delegation, says “comprehensive strategic partnership will grow from strength to strength”

External Affairs Minister S Jaishankar on Friday met ASEAN Senior Officials in the national capital…

3 hours ago

Taiwan in peak period of weapon acquisition to strengthen “kill chain” functionality against China: Taiwan Defence Ministry

The Taiwan Ministry of National Defence (MND) on Friday said that the country is in…

5 hours ago

Pakistan: Campaign launched for safe return of missing Baloch journalist

Several human rights activists and Baloch leaders announced the launch of a social media campaign…

5 hours ago

India, Netherlands hold Foreign Office Consultations, agree to further strengthen bilateral ties

India and the Netherlands held the 12th Foreign Office Consultations (FOC) on Thursday in Hague…

7 hours ago