India Aims to Boost Energy Trade with the US, Says Goyal
India aims to bolster its energy trade with the United States, as Commerce Minister Piyush Goyal emphasized the critical role of US involvement in India’s energy security goals during a recent event in New York. Goyal highlighted the potential for collaboration in nuclear power and the need for resilient infrastructure to support a clean energy transition, signaling intentions to double India’s nuclear capacity. He also noted the challenges posed by the European Union’s Carbon Border Adjustment Mechanism, which could negatively impact the EU’s economy while India continues to expand its clean energy capacity from 250 to 500 gigawatts over the next five years. This developing partnership underscores the strategic importance of energy security in Indo-US relations amid evolving global dynamics.