The tenth edition of the Vibrant Gujarat Summit will celebrate 20 years of Vibrant Gujarat as the Summit of Success. The vibrant Summit was conceptualised in 2003.
Tesla is all set to enter India with its manufacturing plant in Gujarat next year. The negotiation for the establishment of the first manufacturing unit of the EV maker in India has reached its final leg and is likely to conclude soon, according to media reports. To subscribe please click tau.id/2iy6f and access our live channel.
READ MORE: Infosys issues Letter to Rival
The announcement related to the Tesla manufacturing unit in the state is likely to take place in the upcoming Vibrant Gujarat Summit, going to be held in January 2024. According to a report in Ahmedabad’s leading newspaper, the announcement of the Tesla plant in Gujarat is likely to be made in the presence of Tesla CEO Elon Musk.
As per the report Gujarat’s strategic location and business environment has made it into Tesla’s preferred destination for its manufacturing plant. The state government has reportedly offered Sanand, Dholera and Becharaji as choices for the location of the plant.
Reports about Tesla’s plans for India have been rife for a while, with many revealing the US automaker’s demands for concessions and the easing of regulatory hurdles conducive for Tesla’s operations in the country.
For years, Gujarat has been a strategic location for the business environment. The state is already home to manufacturing units of automakers like Maruti Suzuki, etc. Tesla, meanwhile, aims to cater to both domestic and international (re: export) demands from the Gujarat plant.
Recently, Gujarat Health Minister and government spokesperson Rushikesh Patel expressed optimism about Elon Musk’s investment in Gujarat. While addressing a Cabinet briefing on Thursday, drew a parallel between Gujarat’s awareness and alignment with Tesla’s overarching goals.
Moreover, top government functionaries had told news agencies last month that Tesla might be allowed to import fully-built cars at a concessional import duty of around 15-20 per cent, which is much lower than the current 100 per cent on such imports.
Indian EV manufacturers such as Tata Motors and M&M pointed out that they are already manufacturing automobiles and electric vehicles in India and questioned why Tesla should be given any special treatment.
