India and America will work together on clean energy
New Delhi:
Along with many issues in the Quad summit, one issue that was particularly discussed was clean energy. This issue was also discussed between India and the US apart from the summit. Both countries have emphasized on further promoting bilateral cooperation in this area. The White House said that under the partnership, the US and India are working to unlock new multilateral finance of US $1 billion through the International Bank for Reconstruction and Development (IBRD). This includes promoting India’s domestic clean energy supply chain construction. This funding can be helpful in expanding manufacturing capacity for key technology verticals, focusing on solar, wind, batteries, energy grid systems, high-efficiency air conditioners and ceiling fan supply chains.
Along with this, the White House has said that the US and India also talked about being permanently committed to increasing cooperation on issues of shared national and economic security. The White House said that as an important aspect of our economic development agenda, we are committed to working together to achieve the benefits of the clean energy transition. This includes creating high-quality jobs for our population, accelerating the use of clean energy globally and achieving global climate goals.
In support of these objectives, the United States and India intend to enhance and expand bilateral technical, financial, and policy support to expand complementary U.S. and Indian manufacturing capacity for clean energy technologies and components and lay the foundation for enhanced collaboration in third countries, with a focus on partnerships in Africa.
India is the major power in the Indian Ocean
According to sources, the Quad leaders praised Prime Minister Modi and India for their leadership role in the Indian Ocean. Japanese Prime Minister Kishida praised PM Modi and supported his initiative to organize the Voice of Global South Summit. Australian Prime Minister Albanese said that under the leadership of Prime Minister Modi, India is a major power in the Indian Ocean. President Biden said that America has a lot to learn from India’s experience and leadership in the Indian Ocean.
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