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Looking forward to doing 'exciting work' in India: Elon Musk

Looking forward to doing 'exciting work' in India: Elon Musk

Tesla boss Elon Musk has said he is looking forward to his companies doing "exciting work" in India, as he congratulated Narendra Modi on his victory in the Indian elections.

Modi is set to take oath for his third consecutive term as India's prime minister on June 9.


“Congratulations @narendramodi on your victory in the world's largest democratic elections! Looking forward to my companies doing exciting work in India,” Musk, 52, shared in a post on X (formerly Twitter) on Friday.

The message comes after the tech billionaire postponed his proposed visit to India in April due to "very heavy Tesla obligations."

He had planned to meet Modi during the visit and later expressed his intention to visit India later in the year.

Last June, Musk met with Modi during the latter's US visit and expressed confidence that Tesla would soon enter the Indian market.

Expectations were high for Musk's visit to announce plans for Tesla and Starlink, his satellite internet business, to establish a presence in India.

Musk's interest in the Indian market extends to seeking import duty reductions and exploring opportunities under India's new electric vehicle policy, which offers import duty concessions for companies investing over £393.7 million in manufacturing units in the country.

(PTI)

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Highlights

  • Government expected to give London powers to bring in a tourist levy on overnight stays.
  • GLA study says a £1 fee could raise £91m, a 5 per cent charge could generate £240m annually.
  • Research suggests London would not see a major fall in visitor numbers if levy introduced.
The mayor of London has welcomed reports that he will soon be allowed to introduce a tourist levy on overnight visitors, with new analysis outlining how a charge could work in the capital.
Early estimates suggest a London levy could raise as much as £240 m every year. The capital recorded 89 m overnight stays in 2024.

Chancellor Rachel Reeves is expected to give Sadiq Khan and other English city leaders the power to impose such a levy through the upcoming English Devolution and Community Empowerment Bill. London currently cannot set its own tourist tax, making England the only G7 nation where national government blocks local authorities from doing so.

A spokesperson for the mayor said City Hall supported the idea in principle, adding “The Mayor has been clear that a modest tourist levy, similar to other international cities, would boost our economy, deliver growth and help cement London’s reputation as a global tourism and business destination.”

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