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US Investing $3.8 Billion To Meet India’s Renewable Energy, Infra Goals: Garcetti

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Mumbai: The US Ambassador, Eric Garcetti, has announced that the United States International Development Finance Corporation is investing $3.8 billion to support India’s renewable energy and infrastructure goals. Speaking at an event on ‘Indo-US Space Cooperation’ in Mumbai recently, Garcetti highlighted that, in addition to renewable energy and infrastructure, the US is also backing initiatives in agriculture, healthcare, and financial services to further strengthen bilateral cooperation.

“I am delighted to share that the United States-India Alliance for Women’s Economic Empowerment, which is a public-private partnership between our two great nations to advance women’s economic security in India, is growing with new partners,” Garcetti added.

Moreover, he added that the two nations are not just moving forward on development, but are moving forward on technology. “You know, technology will define our lives,” he said.

“Reaching our full economic potential means harnessing the very best in our own nations and connecting this alliance together of the US and India to see what we can do for the world,” he added.

He highlighted that the US and India are working together on critical minerals, semiconductors, defence and space. “As we celebrate tonight, jet engines and unmanned vehicles and all of this groundbreaking work on earth will mean even further that we can go together in space,” he emphasised.

Garcetti said that this year, together in space, both countries are creating relationships between “our companies, our people, our governments, our universities, our investors, and our startups, to spur innovation and to make sure that space is a peaceful place for progress for all of us.”

He further highlighted that Astronaut Sunita Williams, whose father is from Mumbai, will soon pilot Boeing’s Starliner spacecraft on its first crewed test flight. “She’s a US Navy officer, a veteran of two space missions. And this year she will head back into space.

The US envoy stressed that he would like to deepen the connections between cities like Los Angeles and Mumbai by convening the first US-India cities exchange to bring the very best urban planning ideas on everything from air pollution to public transportation systems, climate change and infrastructure.

Stressing the Quad partnership, Garcetti said that he would like to see India, the US, Australia and Japan expand through this partnership.

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