Tesla CEO Elon Musk has said the electric carmaker will be in India "as soon as humanly possible".
His comments followed a meeting with Indian Prime Minister Narendra Modi, who is on a state visit to the US.
The Indian government said it had invited Mr Musk to explore investment opportunities in electric mobility and the commercial space sector.
Mr Musk said he was "trying to figure out the right timing" to make that happen.
Mr Modi's meeting with Mr Musk, who also owns Twitter, came days after Twitter co-founder Jack Dorsey accused India of threatening to shut down the platform for not complying with its orders to take down content from the website.
Mr Dorsey's allegations, made in an interview with an independent news show, were strongly denied by the Indian government, which called it "an outright lie".
Mr Musk commented on the episode on Wednesday and said that Twitter didn't have a choice but to obey local governments or "we will get shut down".
"We will do our best to provide the freest speech that is possible under the law," he said.
Mr Musk also called himself a "fan of Mr Modi" and said that India had "more promise than any large country in the world".
"He [Mr Modi] really cares about India because he's pushing us to make significant investments in India, which is something we intend to do. We are just trying to figure out the right timing," he told reporters. "I am confident that Tesla will be in India and will do so as soon as humanly possible."
Tesla has been in talks with Indian bureaucrats and ministers as it looks to enter the domestic market.
Reuters reported last month that Tesla had proposed setting up a factory to build electric vehicles and was also looking at manufacturing EV batteries in the country. "They are very seriously looking at India as a production and innovation base," federal minister Rajeev Chandrasekhar had told the agency in May.
The company's original plans to open base in India were shelved last year after the Indian government insisted Tesla to make cars locally, while the carmaker said it wanted to export to India first so that it could test demand.
Mr Musk said that he also hoped also bring Starlink satellite internet service, operated by his company SpaceX, to India.
"We do not want to jump the gun on an announcement but I think it is quite likely that it will be a significant investment in our relationship with India," he told reporters.
Mr Modi arrived in New York on Tuesday for a three-day state visit which is being seen has a turning point for bilateral relations between India and the US.
He will be given a ceremonial welcome at the White House on Thursday before he holds direct talks with President Joe Biden.
On Tuesday, over 70 US lawmakers wrote to Mr Biden, urging him to raise human rights issues with Mr Modi during his trip. They said they were concerned about growing religious intolerance, press freedoms, and the targeting of civil society groups in India.
BBC News India is now on YouTube. Click here to subscribe and watch our documentaries, explainers and features.
Musk on layoffs, misinfo and sleeping in the office
'We walked into a wasteland' – BBC in Gaza with Israeli forces. Video
Ivanka Trump testifies she can't recall loan details
Thousands more flee northern Gaza as Israeli forces push on Gaza City
Retracing young boy's escape from Nazi pogroms
How WeWork’s founder flew too close to the Sun
Ivanka Trump is pulled back into her father's orbit
Three takeaways from the off-year US election
Should domestic abusers have guns? US top court will decide
Ethiopia PM eyes Red Sea port, inflaming tensions
Why Spotify is betting big on audiobooks
Playing Prince Harry: wig, accent – and no suntan
Israel-Hamas conflict exposes South Africa's divisions
The employees secretly using ChatGPT
Why aliens may be weirder than we think
Africa's safari trail with no tourists
© 2023 BBC. The BBC is not responsible for the content of external sites. Read about our approach to external linking.
