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Correction: they spend $330mil on foreign energy (not just oil).

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passiveprofit

32 Posts.

04/05/17

09:30

Post #: 24459699
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Originally posted by passiveprofit ↑

Whilst India is not a fan of foreign companies setting up shop there, I suspect Elon Musk is trying to have a Gigafactory set up there, along with China, Europe and another in the USA. After all, it's a massive consumer market, and there is a big push there to go electric - as well as the pollution minimisation, it spends $330mil per day importing oil, so their balance of trade would benefit, especially if oil gets more expensive in the future, which it must.

https://qz.com/247213/why-india-is-spending-330-million-a-day-on-imported-oil-and-gas/

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Correction: they spend $330mil on foreign energy (not just oil).

ORE Price at posting: $3.43 Sentiment: Buy Disclosure: Held
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