US working with India to make investment easier for energy transition – Yellen

The United States is working with India to develop ways to lower the cost of capital and increase private investment to fast-track India’s energy transition, U.S. Treasury Secretary Janet Yellen said on Monday.

After a bi-lateral meeting with India’s finance minister Nirmala Sitharaman on the sidelines of a G20 meeting, Yellen said the two nations have been collaborating across a range of economic issues, including commercial and technological collaboration and strengthening supply chains.

“In particular, we look forward to working with India on an investment platform to deliver a lower cost of capital and increased private investment to speed India’s energy transition,” she said in a statement while attending the G20 in Gandhinagar, the capital of Gujarat, one of India’s most industrialised states.