Why Elon Musk decided to postpone his trip to India: “Really heavy…”

During his visit to India, Elon Musk was supposed to meet with Prime Minister Narendra Modi.

One of the richest persons in the world and CEO of Tesla, Elon Musk, has rescheduled his much-anticipated trip to India. During his tour, the CEO and creator of SpaceX was supposed to meet with Prime Minister Narendra Modi in New Delhi. The billionaire attributed his choice to his “very heavy Tesla obligations.”

Elon Musk (CEO of Tesla Motors) Biography

“Unfortunately, very heavy Tesla obligations require that the visit to India be delayed, but I do very much look forward to visiting later this year,” Elon Musk posted to X.

Elon Musk, who also controls X (previously Twitter), verified this week that he will be meeting with Prime Minister Modi in India.

“Looking forward to meeting with Prime Minister Narendra Modi in India,” he wrote in a post on X.

It was anticipated that Elon Musk would declare a $2–3 billion investment to establish manufacturing in India.

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During PM Modi’s June 2018 visit to the US, Elon Musk had a meeting with the latter. The CEO of Tesla talked about PM Modi, his intended travel to India in 2024, and Tesla’s strategy to join the Indian market and establish the eagerly awaited factory.

The announcement of Elon Musk’s visit to India had come months after the central government announced a new electric vehicle policy, which offered import duty concessions to those setting up manufacturing units in India with a minimum investment of 500 million dollars.

It was expected that the Tesla founder’s visit would also provide a fillip to his other ambitious project in India – Starlink. Bloomberg had quoted “people familiar with the matter” as saying that Starlink had received assurances from the central government that it would be able to start operating in the country as soon as the third quarter of this year.

Experts have claimed that the operations of Starlink in India would mark a further deepening of the security partnership between India and the US.

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In February, India, easing foreign direct investment rules for the space sector, allowed companies to invest in manufacturers of satellites and rockets.