The US will work closely with India on an investment platform to lower the cost of capital and increase private investment to speed up India’s energy transition, Janet Yellen, US secretary of treasury, said on Monday.
India and the US held bilateral discussions on the sidelines of the third meeting of the G20 Finance Ministers and Central Bank Governors (FMCBG).
“By leveraging each other’s expertise and resources, we actively promote economic growth, foster innovation, and drive sustainable development,” Union Finance Minister Nirmala Sitharaman said.
