India, US to elevate bilateral support to build secure global clean energy supply chains: White House

The US and India are set to enhance their clean energy cooperation by expanding manufacturing capacity and unlocking $1 billion in multilateral finance through the International Bank for Reconstruction and Development (IBRD). This partnership aims to boost clean energy initiatives, create high-quality jobs, and achieve global climate goals. The announcement came after a meeting between Prime Minister Narendra Modi and US President Joe Biden. The partnership will focus on establishing a "shared, resilient, and cutting-edge techno-industrial base" centered on innovative clean energy manufacturing techniques. The collaboration will also expand complementary US and Indian manufacturing capacity for clean energy technologies and components, laying the groundwork for enhanced cooperation in third countries, particularly in Africa. This effort builds on existing clean energy cooperation between the US and India, including initiatives launched during Modi's previous visit to the US in 2023. The partnership sets a strong example for the world and positions both countries to lead clean economic development in the 21st century.