Tesla, an American company that produces luxury and electric cars, wants to set up its research and development center in India. Tesla plans to set up its research center in Bangalore, a technology hub in India. For this, the company is in talks with the Karnataka government. Officials associated with the matter say that negotiations between the company and the Industries Department of Karnataka to open Tesla's R&D Center in Bengaluru is underway. Elon Musk's Tesla is the world's largest electric car maker.
Tesla owner Elon Musk expressed his desire to start his own R&D center and manufacturing unit in India a year ago, but also accused India of adopting a restrictive policy. "We are eager to make our presence in India and hope that this work will be completed soon. This would also benefit India along with Tesla," he said. According to a report in the Economic Times, the chairman of Tesla India will meet the Industries Commissioner of Karnataka this month. In addition, Sweden's furniture maker IKEA has announced the opening of its global office in Bangalore.
Bangalore is a R&D hub
If Tesla starts its R&D center in Bengaluru, it will benefit Karnataka as well as India. Experts in the automobile industry say that the market for electric cars in India is going to be very wide. If Tesla opens its research center here, it will not only increase jobs in the country, but also new technology of electric cars will come in the country.
Bengaluru is already the R&D hub of the country. There are research centers of the world's leading companies related to aviation, biotechnology and information technology. Bengaluru has a total of over 400 multinational companies with R&D centers.
Karnataka is actively seeking out new investments to kickstart the falling economy. The state has also set up a task force to pursue companies looking to relocate from China.
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