Green finance could be bright and robust strand of growing India-US ties: Indian envoy Sandhu

Washington Green finance could become a bright and robust strand of the growing India-U.S. economic

Green finance could become a bright and robust strand of the growing India-U.S. economic relations in the next 25 years, India’s envoy in Washington has said, asserting that the two countries have the intent and will to lead the global fight against climate change.

The green economy is diverse globally, but concentrated in a few countries and is bound to find new and emerging markets like India, said Taranjit Singh Sandhu, India’s Ambassador to the U.S.

“This is the very reason, I see, green finance could become a bright and robust strand in the growing U.S.-India economic relations during the next 25 years,” he said on July 19 in his address to a two-day conference on green finance cooperation between India and the United States.

The event was organised by the Indian Embassy in Washington DC in collaboration with the Federation of Indian Chamber of Commerce and Industry (FICCI) and was attended by more than 300 participants from across the globe.

“India and U.S. are natural partners, who have demonstrated time and again, that they can work together, combine their strengths and tap into synergies whenever humanity faces a crisis [COVID-19 pandemic is the most recent example],” he said.

Today, the two countries have strong convergences and our leaderships have the intent and will to lead the global fight against climate change, he added.

This was evident, during COP-26 in Glasgow last year, where Prime Minister Narendra Modi and U.S. President Joe Biden announced enhanced and ambitious Nationally Determined Contribution (NDC) goals.