United States Ambassador to India Eric Garcetti poses for photos after traveling in an e-bus during the launch of a mechanism to facilitate deployment of 10,000 electric buses in cities across India as part of a US-India partnership, in New Delhi.
Credit: PTI Photo
The United States and India will collaborate on a project to deploy 10,000 made-in-India electric buses in Indian cities, the US 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," US Ambassador to India Eric Garcetti said.