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Prime Minister Narendra Modi met Elon Musk, CEO of e-car maker Tesla, on Wednesday, the second day of his US visit. After meeting Modi, Musk said that India has good potential for solar-wind energy for the future of sustainable energy.
Elon Musk said that I am a fan of Modi, soon Tesla will be in India. We are also seeing the potential in India for sustainable electricity generation through solar and wind power and energy storage in batteries.
We are also thinking of taking Starlink to India which can help in providing internet to remote areas of India.
Musk is looking for a place for Tesla’s next factory. Earlier this month, he had met French President Emmanuel Macron.
PM Modi reached Washington on a state visit after participating in the program of Yoga Day in UN.
Please tell that Modi reached Washington on Wednesday. PM Modi was welcomed with state honors at Andrew Airport here. He was given a 21 gun salute. Now the eyes of the world are set on the possible agreement between the two countries in the field of defence, new energy and manufacturing.
It is believed that there can be big agreements in the field of semiconductors. PM had a one to one meeting with Sanjay Mehrotra, CEO of the world’s leading company Micron.
Prime Minister Narendra Modi met Sanjay Mehrotra, President-CEO of Micron Technology in Washington DC.
After this tour, India can become a new manufacturing hub for American companies. Under this, manufacturing of jet engines can also be done in India. Earlier in New York, Prime Minister Modi met members of academics and think tank groups.
After meeting Modi, American billionaire investor Ray Dalio urged American companies to increase investment in India. General Electric Company and India’s Hindustan Aeronautics are set to sign a deal during Modi’s visit to manufacture engines for India’s fighter jets. He also had a meeting with H. Lawrence Culp, CEO of jet engine maker General Electrical.
12 thousand expatriates reached Washington due to Modi’s visit
These days Washington DC has become the most preferred destination for Indian expatriates. For the next two days, 12,000 expatriates from 50 states of America are gathering to participate in the programs of Prime Minister Modi. Almost all the rooms in all the hotels around the White House are booked.
Managers of Hotel Hilton Garden Inn Marriott and Hotel Washington say that the occupancy here has reached 98%. The rent has also almost doubled. The rooms which were earlier available for Rs 12,000 are now available for Rs 25,000.
Raj Neelpala, who came from Atlanta, says that he found it very difficult to get flight tickets. The flight cost of 25 thousand rupees reached up to 75 thousand rupees. In such a situation, we had to come by road after traveling for 9 hours.
Neha Aggarwal, who came from Seattle, told that she has reached here for three days with a return ticket of Rs 98,000. Here the Prime Minister will hold at least 18 meetings and address the Indian diaspora twice. Around 150 artists will perform around the White House, but the rain has caused some disruption. It is raining here and there is a 70% chance of heavy rain on 22nd June.
The timing of Modi’s visit is very accurate to bring investment.
Experts believe that the timing of Modi’s visit could not have been better to bring American investment to India. The reason is that India is growing rapidly in the midst of a slow global economy. Citigroup economists Samiran Chakraborty and Bakkar Zaidi told equity and fixed income investors in London – India is in its golden phase.
- Foreign investment in India since March stood at $8.7 billion, the highest in any quarter since the end of 2020.
- Share market at all time high of 9% growth. Monthly purchases of rupee-denominated bonds hit a new record.