“FDI policy also permits wholesale of imported goods in India without sourcing conditions.”
After yesterday’s Twitter exchange over Tesla’s Indian market entry, the government was quick to respond it would be able to make an exception as the commerce and industry ministry clarified that Tesla will not have to source local components – if it plans to set up a factory in India.
“If we’ve learned anything from the phenomenon of Elon Musk, it’s that Wall Street likes a tech/innovation guy.”
Concludes Jessica Caldwell, senior analyst at Edmunds, after Ford appointed Jim Hackett as new CEO. He had previously run the carmaker’s smart mobility division.
– ADVERTISEMENT –