|Image by aquaview via Flickr|
Indian Prime Minister Manmohan Singh and U.S. President Barack Obama told a press conference today that the two countries will partner on a research and development center for cleantech, energy, and other green solutions in India.
" We have announced specific initiatives in the areas of clean energy, health and agriculture," Prime Minister Singh said in his remarks. "These include a joint clean energy research and development center, the establishment of a global disease detection center in India, and an agreement for cooperation in weather and crop forecasting."
The partners will provide annual funding of $5 million each for five years, which they hope will generate matching investments from the private sector.
"We agreed to deepen our cooperation in pursuit of clean energy technologies, including the creation of a new clean energy research center here in India, and continuing our joint research into solar, biofuels, shale gas and building efficiency," Mr. Obama said at the press conference reported by Reuters.
More information is available on this Fact Sheet on US India Partnership (PDF).