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Sharath Chowdary The bilateral trade between the United States and India is going to triple in the next ten years, US Ambassador to India Richard R Verma told The Dollar Business Bureau. He said this after delivering a speech on ‘India after COP21’ held in Hyderabad on Friday. Recently, the Atlantic Council had announced an initiative to increase the Indo-US bilateral trade from the current $100 billion to $500 billion in the coming decade. When asked how the US intended to go about it, Verma said, “The bilateral trade target set by the council is little bit ambitious, but the trade will definitely triple over a period of one decade.” Praising PM Modi’s drive for renewable energy in the country, he said, “Narendra ...

Source: PIB, Government of India India and the United States of America signed a Memorandum of Understanding (MoU) on cooperation to establish the PACESetter Fund. The fund will support the Promoting Energy Access Through Clean Energy (PEACE) track of the U.S.-India Partnership to Advance Clean Energy (PACE)  and to accelerate the commercialization of off-grid clean energy through early-stage grant funding grants. It will also help to develop and test innovative products, systems, and business models. The MoU was signed by Upendra Tripathy, Secretary, Ministry of New and Renewable Energy from Indian side and by Richard Verma, United States Ambassador to the Republic of India from USA side on June 30, 2015 at New Delhi. The Government of India and the United ...