US and India to Enhance Clean Energy Cooperation with $1 Billion Financing Initiative

Brief by Shorts91 Newsdesk / 03:40am on 22 Sep 2024,Sunday India Global

The US and India have agreed to enhance bilateral cooperation in clean energy, vowing to expand complementary manufacturing capacity. Following a meeting between Prime Minister Narendra Modi and President Joe Biden in Greenville, Delaware, the White House announced plans to boost technical, financial, and policy support. The partnership seeks to establish a cutting-edge techno-industrial base for innovative clean energy manufacturing. Key initiatives include securing $1 billion in multilateral finance through the International Bank for Reconstruction and Development to support India's clean energy supply chain development.

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