India and the US on Saturday announced the launch of an initiative to "elevate and expand" cooperation in support of clean energy supply chains and extend this partnership to third countries, with a focus on Africa.
To that end, the White House said that the two countries are working to "unlock" $1 billion to catalyse India's domestic clean energy supply chain buildout.
The announcement came in a memo released by the White House after the meeting between President Joe Biden and Prime Minister Narendra Modi on Saturday.
Titled, "Roadmap For US- India Initiative to Build Safe and Secure Global Clean Energy Supply Chains", the paper said that this funding could support supply-side manufacturing capacity expansion for key technology verticals, focusing on solar, wind, battery, energy grid systems, and high-efficiency air conditioner and ceiling fan supply chains. The funding would grow over time.
The two sides also "pledged" to work together with industry leaders, one, on "identifying near-term investment opportunities to expand manufacturing capacity for specific clean energy supply chain segments, with initial focuses on the following clean energy components", the White House paper said.
Two, collaborate with the private sector to "scope eligible opportunities in the above supply chain segments and support an initial package of pilot projects, ideally including one project focused on clean energy deployment to Africa".
Three, build "trilateral relationships with African partners that have stated political commitments to clean energy deployment, focusing on solar and battery storage opportunities".
Four, and finally, collaborate with each other and industry to "consult on policies that will strengthen demand certainty for locally manufactured clean technologies".
This new initiative builds on ongoing cooperation between the two sides on clean energy, including initiatives launched during Prime Minister Modi's visit to the US in 2023, the Strategic Clean Energy Partnership led by the US Department of Energy and Government of India ministries, technical assistance provided by US laboratories, and novel financial platforms such as the Payment Security Mechanism established to support the rapid deployment of electric buses in India.
This roadmap is to serve as a short-term mechanism to drive "initial cooperation on projects, to help inform a long-term roadmap including working together to establish a cadence of meetings and milestones of this partnership".
CMs of Northeastern states condole demise of ex-PM Dr. Manmohan Singh
Chief Ministers of several northeastern states expressed their deep condolences over the death of former Prime Minister Manmohan Singh who died on Thursday at the AIIMS in Delhi at the age of 92.
Dr. Manmohan Singh, legendary economist and former PM, passes away
Former Prime Minister Dr. Manmohan Singh, renowned economist and architect of India’s economic reforms, passed away on Thursday at the age of 92. He was admitted to the All India Institute of Medical Sciences (AIIMS) here following a deterioration in his health.
Minister Santana Chakma calls women to join SHGs to become self-reliant
The state industry and commerce minister Santana Chakma on Thursday inaugurated the closing ceremony of the 19th Regional Saras Fair here at Agartala Hapania International Fair Ground and urged upon the women to join Self Help Groups (SHGs) to become Atmanirbhar.
Minister Sudhangshu Das pitches for fishery and livestock rearing to become self-reliant; chairs review meeting
The state animal resource development department (ARDD) Sudhangshu Das on Thursday chaired a west Tripura district level review meeting on various developmental schemes under the SC Welfare, ARDD and Fishery department here in the conference hall of the District Magistrate of West Tripura district.
Tripura UPSC aspirant receives Lakshya-Chief Minister's Special Scholarship
Chief Minister Dr Manik Saha on Thursday handed over Rs 5 lakh cheque to the Tripura’s UPSC aspirant Sagar Dutta Majumder as part of the Lakshya-Chief Minister's Special Scholarship.
Education and purity of thought vital for society: Tripura CM Manik Saha
Chief Minister Prof. Dr. Manik Saha today emphasized the importance of working for the welfare of people by removing mental impurities and fostering purity through education.
THRC orders probe into minor’s gang rape, seeks report by Jan 13
The Tripura Human Rights Commission (THRC) has directed the Director General of Police (DGP) to investigate the gang rape of a minor girl and submit a detailed report by January 13, 2024. The report must also be shared with the National Human Rights Commission (NHRC).
DoNER Ministry approves 86 projects worth Rs 1,970.54 crore for NE in 2024: Official
The Union Ministry of Development of North Eastern Region (DoNER) has approved 86 projects worth Rs 1,970.54 crore for the eight northeastern states in 2024, officials said on Thursday.