The United Kingdom and India launched a $1.2 billion public and private financing plan to help promote India’s green growth.

The package includes a US$1 billion investment by the British development financial institution CDC in India’s green projects, a joint investment by the two governments to support companies committed to innovative green technology solutions, and a new US$1.2 billion private and multilateral investment for joint ventures. Green Growth invests in Indian renewable energy equity funds.

The two countries also welcome the launch of the Climate Finance Leadership Initiative (CFLI) India partnership to mobilize private capital into India’s sustainable infrastructure, including clean energy such as wind and solar and other green technologies. The partnership will be led by a group of leading financial institutions responsible for $6.2 trillion in assets, and will be chaired by Michael Bloomberg, the UN Special Envoy for Climate Ambition and Solutions.

The Minister of Finance Rishi Sunak and the Minister of Finance of India Nirmala Sitharaman also agreed to be ambitious when considering services in the upcoming Anglo-Indian trade negotiations. Sunak said: "Britain and India have established a strong relationship, and today we have reached an important new agreement to promote our relationship and provide services to our two countries."

Supporting India’s green growth is a common priority, so I’m very happy that we announced a US$1.2 billion investment plan and launched a new CFLI India partnership to promote sustainability to India as the UK prepares to host COP26. Project investment.

Keywords: green energy, international engineering news, foreign engineering project information

"As the trade talks approach, we agreed to be ambitious when considering services, which will create new opportunities in both markets and support employment and investment in the UK and India."Editor/Baohongying