New Delhi:
Prime Minister Narendra Modi and tech billionaire Elon Musk spoke as we speak a few US-India partnership within the areas of know-how and innovation. The 2 leaders, who had met in Washington earlier this yr, took ahead their dialogue, together with about Mr Musk’s auto and tech companies – like Tesla and Starlink – investing in India.
There may be “immense potential” for collaboration between India and america in these fields, PM Modi stated, including that India is stays dedicated to advancing a partnership between New Delhi and Washington in these domains.
“Spoke to Elon Musk and talked about varied points, together with the subjects we lined throughout our assembly in Washington DC earlier this yr. We mentioned the immense potential for collaboration within the areas of know-how and innovation. India stays dedicated to advancing our partnerships with the US in these domains,” PM Modi wrote on his social media deal with on X – one other agency owned by Elon Musk.
The telephone name between PM Modi and Elon Musk comes at a time when america and China are engaged in a fierce commerce struggle, with both nation imposing punishing tariffs on the opposite – 245 per cent on all Chinese language exports to the US and 125 per cent retaliatory tariff over and above its beforehand present 67 per cent tariff by China on all US imports.
These tit-for-tat reciprocal and retaliatory tariffs have had a extreme affect on business, since China and america are the 2 largest manufacturing nations globally. Most of America’s high tech companies manufacture a overwhelming majority of their merchandise in China, and tariffs have despatched tech sector bosses looking for alternate locations to fabricate their items.
India, which has a longtime manufacturing sector within the tech and auto business, and faces 26 per cent reciprocal tariff imposed by President Trump, is now being seeing as a beneficial different for tech companies to gravitate in the direction of. For Elon Musk’s Tesla, the story is not any totally different.