Hyderabad: Prime Minister Narendra Modi’s US visit has taken India-US strategic and commercial relations to greater heights, paving the way for immense opportunities for bilateral engagement. They welcomed the establishment of Indo-U.S. Global Challenge Institutes to spark deeper research partnerships and people-to-people exchanges between a range of diverse institutions in the U.S. and India in semiconductors, sustainable agriculture, clean energy, health and pandemic preparedness, and emerging technologies. The trip showcased India’s cultural heritage, diplomatic prowess, and its growing influence on the world stage.
The United States and India share a common vision to decarbonise our economies and deploy clean energy, which is obviously reflected in all of our country’s 2030 targets for climate action and energy. “Together, they are pushing each other to develop and deploy innovative solutions to strengthen climate security, expand peaceful uses of civil nuclear energy and unlock climate finance solutions, to mobilise the information technologies and the resources we need to create the clean energy economy of the future,”
They recognize the critical role of the U.S. Inflation Reduction Act and India’s ambitious production-linked incentives scheme for cutting-edge clean and renewable technologies. The leaders highlighted the India-U.S Climate and Clean Energy Agenda 2030 Partnership and Strategic Clean Energy Partnership (SCEP) as reflective of this commitment. The leaders welcomed joint efforts to develop and deploy energy storage technologies, including through the establishment of a new task force under SCEP. The leaders welcomed the launch of the India-U.S New and Emerging Renewable Energy Technologies Action Platform, which will accelerate cooperation in green hydrogen, offshore and onshore wind, and other emerging technologies. They will collaborate to achieve their respective national goals to reduce the cost of green/clean hydrogen under India’s National Green Hydrogen Mission and the U.S. Hydrogen Energy Earthshot. The United States welcomed India’s decision to co-lead the multilateral Hydrogen Breakthrough Agenda. The leaders called for the development of joint efforts in carbon capture, utilization, and storage, given its role in reducing emissions.
India is committed to promoting policies and adapting regulations that facilitate greater technology sharing, co-development, and co-production opportunities between U.S. and Indian industry, government, and academic institutions. The leaders welcomed the launch of the interagency-led Strategic Trade Dialogue in June 2023 and directed both sides to undertake regular efforts to address export controls, explore ways of enhancing high technology commerce, and facilitate technology transfer between the two countries.
”Prime Minister’s visit is being viewed as an important initiative in Indo-US relations in a fast-changing world order which would see both the countries emerge as the most influential economies with strategic prowess in the unfolding international political economy strengthening technical, scientific, clean energy, defence sectors and help achieve global climate goals,” ASSOCHAM AP & Telangana Chairman Mr Kataru Ravi Kumar Reddy said.
