Finance Minister invites EU to partner with India via investment in green hydrogen

FM highlighted the strong India-European Union (EU) cooperation on trade and technology, climate and energy, digital cooperation, sustainable development and connectivity partnership.

Oct 25, 2021 01:10 IST India Infoline News Service

Nirmala Sitharaman
Union Minister of Finance & Corporate Affairs Nirmala Sitharaman met Frans Timmermans, Executive Vice President of the European Commission, where she invited the European Union (EU) to tie up with India green hydrogen to harness the natural synergies in this area between the two sides.

In the meet, the Finance Minister highlighted the strong India-European Union (EU) cooperation on trade and technology, climate and energy, digital cooperation, sustainable development and connectivity partnership.

Frans Timmermans complimented India’s commendable achievements in climate action and commitment to generating 450 GW of renewable energy by 2030. He offered support of the EU in harnessing investments for successfully achieving this target.

Sitharaman emphasised the high priority accorded by India to climate action.

She invited the EU to partner with India through investments in green hydrogen to harness the natural synergies in this area between the two sides. Other areas include closer collaboration between India and the EU through Coalition of Disaster Resilience Infrastructure (CDRI), International Platform for Sustainable Finance (IPSF) and One Sun One World One Grid (OSOWOG) initiatives.

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