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The Dollar Business Bureau The Indo-US cooperation is in a new phase, with US agency USAID announcing 5 new partnerships that would enhance the cooperation that US intends to help India in the field of renewable energy (RE). These 5 new partnerships are in the fields of climate change, clean energy, and environment. The transition is aimed to usher in a low-emission and energy-secure India. Of the 5 new partnerships announced by USAID, 4 are with governmental agencies. This was revealed to the media by USAID Assistant Administrator Jonathan Stivers, who said, "USAID welcomes and appreciates this historic opportunity to play a useful role in Indias path forward." Johnathan was in India representing his agency at the second US-India Strategic and Commercial Dialogue. Detailing ...

The Dollar Business Bureau India and the US on Thursday reiterated the importance of increasing mutual access to both private and public funding for the development of their clean energy sector. The two countries noted the "importance of expanding access to public and private financing for clean energy development in order to enhance access to energy and sustainable development", said a joint statement on the 2nd India-US Strategic and Commercial Dialogue. "The sides recognised their collective efforts to advance the US-India Clean Energy Finance (USICEF) initiative, the US-India Clean Energy Hub, the expansion of USAID programme for Utility-level support and the US-India Catalytic Solar Finance Program, which will collectively mobilise public and private capital towards clean energy solutions," it said. Expressing satisfaction on the progress ...

The Dollar Business Bureau  A pact was signed by the US Agency for International Development (USAID) and Asian Development Bank (ADB) for providing Rs 5,681 crore. The fund will be provided to install and develop solar parks all over India, as a part of the clean energy drive. M Teresa Kho, Country Director, India Resident Mission, Asian Development Bank (ADB) and Jonathan Addleton, Mission Director, USAID for India signed the agreement. The US Embassy in a press statement said that, “Through the agreement, USAID will align the technical resources of two of its programs to support ADB's investments in the development of solar parks and renewable energy transmission infrastructure in states at the forefront of India's efforts to promote clean energy." ...

Source: PTI A new investment initiative, announced by President Barack Obama during his New Delhi visit early this year, that makes it easier for the Indian diaspora to invest in small and medium businesses in India has been launched in Washington. The Indian Investment Initiative (III) was launched on Friday in partnership with US Agency for International Development (USAID) and Calvert Foundation. The initiative had gained momentum in recent weeks, particularly after Prime Minister Narendra Modi's last month trip to Silicon Valley. “The Calvert Foundation, together with USAID and the State Department, just launched an initiative that will make it easier for the Indian American diaspora to invest in small and medium-sized businesses back home,” US Secretary of State John Kerry ...

Sai Nikesh | The Dollar Business “India continues to be perceived as a tough place to do business and the investor confidence towards India still remains shaky,” says Richard Verma, the United States Ambassador to India, while noting that India ranks 142 in the World Bank ranking measuring the ease of doing business.  While addressing the students at Indian School of Business, Hyderabad, on Monday, the US envoy also said that the economic relationship between India and the US is not just about large companies coming here to build factories, it is about shared prosperity on all levels. Referring to the US President Obama’s call for a five-fold increase of India-US bilateral trade to $500 billion in the next ...

Bidhu Bhushan Palo | @TheDollarBiz White Rhinoceros (Ceratotherium simum) Female with very long horn and calf. Lake Nakuru National Park, Kenya (Copyright: Martin Harvey / WWF-Canon)   Economic growth in China and other Asian countries is fuelling illegal trade of animal products such as rhino horns and elephant tusks to dizzying heights. According to a new report by U.S. Agency for International Development (USAID) and its UK-based partner TRAFFIC International, illegal rhino horn and elephant ivory trade in 2013 reached the highest levels in almost 25 years. The situation in Africa is worse than in any other part of the world. A record 1,004 rhinos were poached in 2013 in South Africa alone, which is a jump of almost 50% from the ...