NEW DELHI (Reuters) - The United States and India will collaborate on a project to deploy 10,000 made-in-India electric buses in Indian cities, the ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSNEW DELHI - The United States and India will collaborate on a project to deploy 10,000 made-in-India electric buses in Indian cities, the U.S. embassy said in a statement on Wednesday.
A key component of the project will be a new payment security mechanism that will"accelerate new and more sustainable investments by lowering financial risks," the embassy said. "The partnership announced today will mobilize financing for a fleet of 10,000 electric buses throughout India, expanding options for electric public transportation in India, creating cleaner cities and healthier communities," U.S. Ambassador to India Eric Garcetti said.
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