INSUBCONTINENT EXCLUSIVE:
Telangana markets minister K T Rama Rao has actually invited Tesla chief Elon Musk to start a business in the stateHyderabad: A day after
Tesla chief Elon Musk tweeted that the electric car major is working through a lot of challenges with the union government to introduce its
products in India, Telangana industries minister K T Rama Rao asked the US-based vehicle maker to set up shop in the southern state
Hey Elon, I am the Industry - & Commerce Minister of Telangana state in India Will enjoy to partner Tesla in working through the
difficulties to set shop in India/Telangana Our state is a champion in sustainability initiatives - & an excellent company location in
India, Mr Rama Rao tweeted on Friday.Last year, Tesla had looked for a reduction in import duties on electric cars (EVs) in India.The heavy
industries ministry had asked the electric cars and truck significant to very first start manufacturing its renowned electric cars in India
before any tax concessions can be considered.The central government sources had actually noted that they were not providing such concessions
to any automobile firm, and offering duty benefits to Tesla will not send out a great signal to other business that have actually invested
billions of dollars in India
