India, US To Elevate Bilateral Ties To Expand Clean Energy Supply Chains

The US and India plan to elevate bilateral technical, financial, and policy support to expand complementary manufacturing capacity for building on existing clean energy cooperation between the two nations, according to the White House.

The announcement on Saturday came after the meeting of Prime Minister Narendra Modi and US President Joe Biden at Greenville, Delaware.

Prime Minister Modi is in the US on a three-day visit.

To launch the partnership for establishing a "shared, resilient, and cutting-edge techno-industrial base" centred on innovative clean energy manufacturing techniques, the US and India are "working to unlock USD 1 billion in new multilateral finance through the International Bank for Reconstruction and Development (IBRD) for projects, including catalysing India's domestic clean energy supply chain buildout", the White House said in a statement.