Our India portfolio with 200 activities has potential to unlock 37 bn USD in financing: USTDA director

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Has been updated:
Jan 18, 2023 18:35 teeth

Sahil Pandey
New Delhi [India]Jan. 18 (ANI): U.S. Trade and Development Agency (USTDA) Secretary Ennaut T. Evon said on Wednesday that India’s portfolio, which consists of about 200 activities in energy transport and digital infrastructure, will be financed.
Ebong, Director of USTDA, said: “Our estimate is that the portfolio itself, about 200 activities across the sectors I spoke to, including energy transport and digital infrastructure, could raise US$37 billion. It has the potential to be
Elaborating on the numbers she quoted, the USTDA director said, “The estimate I gave you about what our portfolio can unlock is entirely India-focused and (US$37 billion). Funding for can come from any range of players, we have projects prepared that can be funded by the private sector, the public sector and multilateral banks. Our focus is therefore on ensuring that the financiers have confidence in the project by properly preparing We are very excited about the strength of our portfolio.”

In response to a question about USTDA’s position on promoting green hydrogen in India, she said USTDA is interested in working with India to take advantage of new technologies.
“We have heard a lot about national plans, missions and challenges regarding green hydrogen. We are very interested in exploring cooperation on this new technology. Until they can raise money,” Evon added.
Regarding the function of USTDA, the Director said: To develop infrastructure projects they identified as priorities. “

“USTDA provides grants for technical assistance and pilot projects for feasibility studies. USTDA also supports partnerships between government and private stakeholders to support our common goals. We also fund construction activities,” she added.
Also on Wednesday, Ebong announced that the USTDA has launched new partnerships with eight state governments in India. Our goal is to implement the highest quality clean energy projects and deliver the best value to the people of India.
The eight states with which USTDA has announced partnerships are Gujarat, Haryana, Karnataka, Kerala, Maharashtra, Punjab, Tamil Nadu and West Bengal.
“A lot of infrastructure development is happening at the state level, so the state focus is important,” she said.
Ebong also said the USTDA is conducting a feasibility study to enable agile networks to extend broadband connectivity to more than 30 million underserved people in rural and peri-urban areas of India’s 16 states. He also announced funding.
On future areas of cooperation, the USTDA Director-General addressed aviation cooperation programs, including airport master plans and air traffic management, stating, “I think we will use satellites and new navigation, new navigation technology, passenger safety and security, screening luggage. of.”
Regarding the Indo-Pacific Economic Framework, she added: of our work. “
Later in her speech, she covered her visit to the Gandhi Ashram in Gujarat. She has said it was exciting, especially since it coincided with Martin’s Luther King Her Day.
“It was an honor to visit the Gandhi Ashram on the US holiday of Martin Luther King Day. I used to call Gandhi his guiding light,” Ebon pointed out. (Ani)

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