Will Elon Musk’s Tesla and Stralink invest in India? Union Minister Piyush Goyal says this..

Goyal further said, “but both these subjects are handled in different ministries. The Heavy Industries Ministry looks after automobiles and Starlink will be handled by the Space Department. So, I don’t have personal knowledge of what is happening.”

It is still undecided whether US billionaire and Starlink CEO Elon Musk will invest in India or not. No discussion has taken place regarding Elon Musk’s companies investments in the country, Union Commerce and Industry Minister Piyush Goyal on Thursday said.

While addressing a press conference, Piyush Goyal asserted that he had no idea about the subject as both issues were handled by different ministries.

Replying to a question over the possibility of Tesla’s investment, the minister said,  “We haven’t had any discussions to the best of my knowledge.”

Goyal further said, “but both these subjects are handled in different ministries. The Heavy Industries Ministry looks after automobiles and Starlink will be handled by the Space Department. So, I don’t have personal knowledge of what is happening.”

Earlier in April, Musk had pulled out from a much-hyped planned visit to India, including a meeting with Prime Minister Narendra Modi, at the last moment citing “very heavy Tesla obligations”.

It was anticipated that he would announce plans for Tesla to set up its manufacturing unit in India and investments of billions of dollars, and the way forward for selling Tesla electric cars in India at the earliest.

Not just the electric cars, he was also eyeing the Indian market for his satellite internet business Starlink.