India and US to Strengthen Economic Relations and Clean Energy Supply Chain
Key Ideas
  • India and the US are planning to establish a robust supply chain for clean energy, focusing on critical minerals and green hydrogen.
  • Commerce Minister Piyush Goyal highlighted the confidence of American investors in India as an investment destination.
  • The two nations are set to explore opportunities in clean energy, including the production and export of green hydrogen and green ammonia.
  • India's renewable energy capacity exceeded 200GW, reflecting the country's commitment to achieve 500GW from non-fossil sources by 2030.
Commerce Minister Piyush Goyal stated that India and the United States are working towards strengthening their economic relations and establishing a robust supply chain for clean energy. The two countries plan to secure a strong supply chain of critical minerals and explore opportunities for collaboration in green hydrogen and green ammonia production. During his recent US visit, Goyal interacted with American officials and business leaders, emphasizing the positive outlook of American investors towards India as an investment destination. The strategic partnership between India and the US aims to achieve new heights in economic cooperation, focusing on sectors like pharmaceuticals, defence, telecom, and clean energy. India's renewable energy capacity surpassed 200GW, marking a significant milestone in the country's journey towards achieving 500GW from non-fossil sources by 2030. The bilateral discussions also included plans to set up modular nuclear plants with safer fusion technology and enhance collaboration in the digital public infrastructure sector.
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