India, US working together to speed energy transition: US Secretary of Treasury Janet Yellen

Jul 17, 2023

Gandhinagar (Gujarat), July 17 (ANI): In order to fast-track its energy transition, the United States (US) is working with India on an investment platform to deliver a lower cost of capital and increased private investment, US Treasury Secretary, Janet Yellen said on July 16. Addressing a press conference in Gandhinagar, Gujarat along with Finance Minister Nirmala Sitharaman on July 16, Yellen said that the collaboration between the two nations spans a wide range of issues, including catalyzing the clean energy transition. Yellen said, "Our collaboration spans a range of economic issues, including commercial and technological collaboration, strengthening supply chains, and catalyzing the clean energy transition." "In particular, we look forward to working with India on an investment platform to deliver a lower cost of capital and increased private investment to speed up India’s energy transition."