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  Tesla is "quite likely" to build an electric-vehicle factory in India, but only if the company's able to import completed vehicles at lower duty rates, CEO Elon Musk said. "If Tesla is able to succeed with imported vehicles, then a factory in India is quite likely," Musk  said on Twitter  on Friday. He added: "We want to do so, but import duties are the highest in the world by far of any large country!"  The California electric-vehicle maker has been lobbying Indian government officials to lower those duties,  Reuters reported on Friday, citing two unnamed sources.  In a letter, Tesla executives said they were seeking to bring taxes down to about 40% of the vehicle's value, according to Reuters. Current import taxes are between 60% and 100%, depending on the vehicle's value.  Tesla earlier this year  registered  a local company, Tesla Motors India and Energy Private Limited, raising expectations that the company would launch in the world'

  Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has approved the board of directors and advisory council of the newly-formed Dubai International Chamber. Part of a recent government restructuring that aims to drive a economic development in the emirate, Dubai International Chamber, one of three new chambers, will develop plans to boost partnerships with global corporations. It will also support promising ideas and projects as part of the efforts to establish Dubai as a global trade hub and a favourite destination for talents. The chamber will also promote the opportunities that Dubai offers in facilitating the flow of international trade including its strategic logistics hub, advanced ports and airports and agile, pro-growth business environment, a statement said. Sheikh Mohammed said: “Dubai International Chamber represents a new model that aims to support our international partners who are part of Dubai’s economic development.” He