America to invest 3.8 billion dollars for meeting India’s energy, infrastructural needs: US envoy Eric Garcetti
October 4, 2026
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Home International Edition America USA

America to invest 3.8 billion dollars for meeting India’s energy, infrastructural needs: US envoy Eric Garcetti

At an event related to US-India Space Cooperation, the American envoy to India, Eric Garcetti pledged to invest 3.8 billion USD for addressing the latter’s renewable energy and infrastructural demands, necessity and also promised to cooperate other domains too

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May 24, 2024, 05:00 pm IST
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US Ambassador to India: Eric Garcetti

US Ambassador to India: Eric Garcetti

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US Ambassador to India Eric Garcetti has said that the country’s International Development Finance Corporation is investing 3.8 billion USD to India for meeting the nation’s infrastructure and renewable energy needs, goals. While addressing an event on the Indo-US Space Cooperation in Mumbai, Eric Garcetti added that along with the renewable and infrastructural needs, the US will also provide support to India and other realms like agriculture, healthcare and financial services.

He also expressed delight to share that the US-India Alliance for Women Economic Empowerment is growing with new partners. “I am very delighted to share tonight that the United States-India Alliance for Women Empowerment which is a public private partnership between the two great nations to advance women’s security in India is growing with new partners,” he said.

Moreover, he added that the two nations are not just moving forward development, but also on technology “You know, technology will define our lives. Reaching our full economic potential means harnessing the very best in our own nations and connecting this alliance together of the US and India to see what we can do for the world. He highlighted that US and India are working together on critical minerals, semiconductors, defence and space.

As we celebrate tonight, the jet engines and unmanned vehicles and all of this groundbreaking work on earth will mean even further that we can go together in space,” he emphasised. Garcetti said that this year, together in space, both countries are creating relationships between our companies, our people, our universities, our investors and our startups to spur innovation and to make sure that space is a peaceful place for progress for all of us.

He further highlighted that Astronaut Sunita Williams, whose father is from Mumbai will soon pilot the Boeing’s Starliner spacecraft on its first crewed test flight. “She is a US Navy officer, a veteran of two space missions and this year, she will head back to space,” he said.

The US envoy stressed that he would like to deepen the connections between cities like Los Angeles and Mumbai by convening the first US-India cities exchange to bring the very best urban planning on everything from air pollution to public transportation systems, climate change and infrastructure. “Together I would like to accelerate our partnership infrastructure, technology, energy and healthcare so we can have more economic growth,” he said.

Stressing the QUAD partnership, Garcetti said that he would like to see India, Australia, Japan and US expand through the QUAD. Our cooperation ensures a free, inclusive and prosperous Indo-Pacific, so let’s start the countdown,” he said. Garcetti narrated a story, saying “Sally Ride, an everyday schoolteacher went into space on the US Space Shuttle. And when she was asked what does it look like in space? And she said, you know what? The stars don’t look bigger, they look brighter.

I challenge you today to look at those stars both literally and figuratively and to imagine them shining even brighter. Stars by themselves are incredible, but we know the power of stars is when they exist in constellations. It is the relationship between them that gave our ancestors, the imagination to look at the skies and to see our God and creatures, to see order in the chaos that they lived through and to see a spirit of what was to come in the human experience.”

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