NEW DELHI: In an effort to consolidate bilateral trade and economic activity between US and India, the United States Trade and Development Agency (USTDA) and US-India Energy Cooperation programme (ECP) have agreed to exchange technology for the implementation of several projects.
The visiting US delegation under US Commerce Secretary Gary Locke held a meeting with senior Indian officials regarding technology exchange programme. The programme of exchange involves areas such as solar and renewable energy, unconventional gas, biomass and wind related projects. The two sides have agreed for the technology exchange programmes in these sectors which will result in the efficacious growth providing impetus to each other’s economy.
“Government engagement and USTDA funding can be sought for driving the projects endorsed by the ECP. The ECP in China proved to be a successful model and as a starting step. The ECP India could possibly look at following a similar working group model,” said, Lee Zak, Director, USTDA.