India for strategic partnership with US business for energy securityMarch 25th, 2009 - 11:46 am ICT by IANS
By Arun Kumar
Washington, March 25 (IANS) India has suggested a strategic partnership between Indian and US business focusing on three Rs - renewables, reusables and recyclables - to meet the twin challenges of climate change action and energy security.
“If energy is not to become a constraint on our growth - the growth of India and the US and the global economy as a whole, then a relatively rapid and significant shift to renewable and non-conventional energy sources becomes inevitable,” Shyam Saran, Prime Minister Manmohan Singh’s Special Envoy for Climate Change, said here Tuesday.
“Both climate change action and energy security dictate this,” he said addressing members of the US India Business Council, a trade association representing 300 of the largest US companies investing in India and global Indian companies.
Even as he was speaking, a US trade mission was in India to discuss business opportunities in the field of solar energy. This was the Obama administration’s first trade mission to India.
The first component of the “strategy for the future, for both Indian and US business is a renewable energy partnership covering different technological pathways and focussing on technology and product development”, Saran said.
India welcomed President Barack Obama’s Renewable Energy Initiative, he said, noting that India was currently in the process of elaborating an ambitious plan for solar energy and was looking at more efficient and commercially viable use of biomass and biofuels.
Thanks to the India-US civil nuclear agreement and Nuclear Suppliers Group (NSG) clearance, India was scaling up its plans for nuclear energy, which will significantly progress within India’s own three-phase nuclear energy programme, which is based on the concept of a closed fuel cycle with minimal waste.
“This is renewable energy par excellence,” Saran said, noting the US too is reviewing its policy on the processing of atomic waste. “We hope that this will be an area we can work together in a practical manner, unburdened of the non-proliferation technicalities of the past.”
Thanks to concerns about global warming and climate change and the related challenge of energy security, the global economy must make, and is already making, a strategic shift from reliance on carbon-based fossil fuels to the progressively greater utilisation of renewable energy sources.
“On the production side, recycling must become an integral part of the business model of the future,” he said, suggesting an India-US partnership on recycling as part of the objective of achieving resource security.
“India and the US have the intellectual and entrepreneurial resources to lead this newly emerging world, if we choose to work together,” Saran said, noting: “A dramatic transformation in Indo-US relations had opened up a wide-ranging spectrum of opportunities for economic partnership.
“The challenge before us now lies in translating these opportunities into practical collaborative partnerships on a scale and of a quality that befits the strategic partnership between our two countries.”
- India promises level playing field to US nuclear firms - Feb 18, 2012
- India voices concern over curbs on US business visas - May 31, 2012
- India will restore investor confidence, Krishna tells US - Jun 13, 2012
- India is a profitable business opportunity, PM tells Korean CEOs (Lead) - Mar 26, 2012
- Breakthrough on n-deal boosts India-US ties - Jun 14, 2012
- US, India for early FMCT talks - Jun 04, 2010
- 'US has enormous stake in India's emergence as a global power' - Jun 13, 2012
- India seeks closer China ties to combat global slowdown - Jan 10, 2012
- Roemer quitting as US envoy for 'family reasons' (Lead) - Apr 28, 2011
- US pushes India on economic reforms - Jun 24, 2011
- India, Germany sign four pacts to expand ties (Lead) - May 31, 2011
- N-deal: India to provide US firms level playing field - Feb 07, 2012
- India, US vow to cooperate on terror - Jun 04, 2010
- White House issues fact sheets on Obama's India visit - Nov 09, 2010
- Delhi leading the way in combating climate change: Dikshit - Feb 21, 2011
Tags: arun kumar, barack obama, climate change action, conventional energy sources, energy initiative, energy partnership, energy security, fuel cycle, india business, investing in india, manmohan singh, minimal waste, non conventional energy, non conventional energy sources, nuclear agreement, nuclear suppliers group, prime minister manmohan, prime minister manmohan singh, strategic partnership, twin challenges