The US is collaborating with India on development of clean technologies by setting up a joint 125 crore rupees research and development centre.
This is the first such move by the US Energy Department with a foreign country. US Under Secretary for International Trade Francisco Sanchez said this at a CII event in New Delhi. He is leading a high-level business delegation of CEOs of 15 top US companies,engaged in clean technologies.
He however added that India needs to provide a level-playing to the overseas firms in its national solar mission which denies sourcing from outside the country.Besides meeting the industry leaders, Sanchez is scheduled to co-chair the India-US Commercial Dialogue along with Commerce Secretary Rahul Khullar tomorrow.
The India-US Commercial Dialogue is an institutional arrangement between the two countries to promote trade and remove obstacles. He will also be travelling to Hyderabad, along with the members of the US clean technology mission.