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[1/2] The Tesla Energy Powerwall Home Battery is unveiled by Tesla Motors CEO Elon Musk during an event in Hawthorne, California April 30, 2015. Although Tesla sought a number of incentives to set up a battery storage factory, Indian officials conveyed these would not be available, one of the sources said. It is largely dependent on coal-based power generation as storage technologies are expensive and not yet widespread. With incentives, Powerwall costs more than $5,500 in California, with additional costs for solar panels. It is eligible for U.S. federal tax credits and local state and utility incentives for solar and energy storage.

Persons: Elon Musk, India's Modi, Tesla, Narendra Modi, company's, Musk, Modi, Aditya Kalra, Aditi Shah, Sarita Chaganti Singh, Sudarshan, Kirsten Donovan Organizations: Tesla Energy, Tesla Motors, Elon, Thomson Locations: Hawthorne , California, India, DELHI, New Delhi, Tesla's California, California, Houston, Dallas, Texas

Indian Prime Minister Narendra Modi announced that the Leaders' Declaration had been adopted on the first day of the weekend G20 summit in New Delhi. "On the back of the hard work of all the teams, we have received consensus on the G20 Leaders Summit Declaration. British Prime Minister Rishi Sunak said the declaration had "very strong language about Russia's illegal war in Ukraine". The declaration also called for the implementation of the Black Sea initiative for the safe flow of grain, food and fertiliser from Ukraine and Russia. Despite the compromise over the Leaders' Declaration, the summit had been expected to be dominated by the West and its allies.

Persons: Narendra Modi, Joe Biden, Evan Vucci, Germany's Scholz, Modi, Olaf Scholz, Rishi Sunak, Sergei Lavrov, Subrahmanyam Jaishankar, India's, Biden, Xi Jinping, Li Qiang, Russia's Vladimir Putin, Scholz, Sunak, Emmanuel Macron, Saudi Arabia's Mohammed Bin Salman, Japan's Fumio, Jon, Manoj Kumar, Katya Golubkova, Krishn Kaushik, Mayank Bhardwaj, Michel Rose, Raju Gopalakrishnan, Sanjeev Miglani, Jacqueline Wong, Kim Coghill, Alexander Smith Organizations: Indian, REUTERS Acquire, British, Foreign, INDIA, India's sherpa, Bharat, African Union, West, United Arab, Thomson Locations: New Delhi, India, Ukraine, Russia, DELHI, Ukrainian, Moscow, CHINA, China, Brazil, South Africa, Indonesia, Saudi, U.S, Delhi, Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, United Arab Emirates

NEW DELHI, Sept 9 (Reuters) - The European Union castigated Russia on Saturday for its "cynicism" in pulling out of the Black Sea grain deal, saying the offer of a million tons of grain to African countries was a "parody of generosity". "And what cynicism ... you did not accept this," Michel said in comments on the grain deal he directed at the Russian summit representative, Moscow's Foreign Minister Sergei Lavrov. "Not only have you decided to pull out of this agreement on the Black Sea, but at the same time you are attacking the port infrastructure," he said. "You are blocking the ports that give access to the Black Sea, and even to the Danube." "What cynicism and contempt for African countries," he said, adding that the Black Sea deal had delivered exports of more than 30 million tons so far, chiefly to the most vulnerable nations.

Persons: Charles Michel, Michel, Sergei Lavrov, Tayyip Erdogan, Fumio Kishida, Erdogan's, Shivangi Acharya, Sarita Chaganti Singh, Mayank Bhardwaj, Manoj Kumar, Ekaterina Golubkova, Clarence Fernandez, Jacqueline Wong Organizations: European Union, Russia, European Council, Moscow's, United, Japanese, Reuters, Thomson Locations: DELHI, New Delhi, Africa, Russia, Russian, United Nations, Turkey, Moscow, Ukraine, Europe, Japan, Kyiv

The G20 logo is shown ahead of G20 Summit, in New Delhi, India, September 8, 2023. REUTERS/Anushree Fadnavis Acquire Licensing RightsNEW DELHI, Sept 9 (Reuters) - The African Union was made a permanent member of the G20, comprising the world's richest and most powerful countries, Indian Prime Minister Narendra Modi said at the bloc's summit in New Delhi on Saturday. The African Union, a continental body of 55 member states, now has the same status as the European Union - the only regional bloc with a full membership. "Honoured to welcome the African Union as a permanent member of the G20 Family. Reuters earlier cited the draft declaration admitting the African Union as a permanent member.

Persons: Anushree, Narendra Modi, Modi, Azali Assoumani, Chris Thomas, Jacqueline Wong, Kim Coghill Organizations: G20, REUTERS, African, Indian, European Union, Union, Twitter, Reuters, Thomson Locations: New Delhi, India, DELHI, African Union, Ukraine

A man walks past an installation on a skywalk ahead of the G20 Summit in New Delhi, India, September 6, 2023. But the deliberations of the world's 20 biggest economies have been hindered by differences over Russia's invasion of Ukraine that have hardened since last year's Bali summit, delegates said. Western countries want a strong condemnation as a condition for agreeing to a Delhi declaration. India has suggested that the G20, while condemning the suffering caused by Russia's invasion, also reflect Moscow and Beijing's view that the forum is not the place for geopolitics. G20 sherpas have been going back and forth over the document for four days before leaders begin deliberations on Saturday.

Persons: Francis Mascarenhas, Joe Biden, Sergei Lavrov, Vladimir Putin, Narendra Modi, Creon Butler, Butler, Krishn Kaushik, Sanjeev Miglani, Andrew Cawthorne Organizations: REUTERS, U.S, Russian, Economy, thinktank, Thomson Locations: New Delhi, India, DELHI, Ukraine, Russia, China, Bali, Delhi, Moscow

☆ IMF-FSB recommends cooperation, info sharing for crypto asset regulation-report
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: 1 min

The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo Acquire Licensing RightsNEW DELHI, Sept 7 (Reuters) - The International Monetary Fund and Financial Stability Board has recommended cross border co-operation and information sharing for consistent regulation of crypto assets, the two said in a joint report to the Group of 20 nations released to the media on Thursday. A blanket ban that makes crypto activities illegal can be costly and demanding to enforce, the report added. Reporting by Sarita Chaganti Singh and Shivangi Acharya Writing by Swati BhatOur Standards: The Thomson Reuters Trust Principles.

Persons: Yuri Gripas, Sarita Chaganti Singh, Swati Bhat Organizations: Monetary Fund, REUTERS, Thomson Locations: Washington , U.S, DELHI

[1/3] Traffic moves past the 'Bharat Mandapam', the main venue of the G20 Summit in New Delhi, India, September 5, 2023. U.S. President Joe Biden, British Prime Minister Rishi Sunak, Saudi Crown Prince Mohammed Bin Salman, Canadian Prime Minister Justin Trudeau and Japanese Prime Minister Fumio Kishida are expected to be part of the gathering in New Delhi. For years, Ambani and Adani have competed across a wide range of industries from telecoms to media, and energy to finance. Adani Group has denied any wrongdoing. Reliance Industries, Adani Enterprises, Tata Sons, Bharati Airtel, Aditya Birla Group and the Indian government did not reply to emails seeking comment on the invitation.

Persons: Mandapam, Adnan Abidi, Mukesh Ambani, Gautam Adani, Narendra Modi, Joe Biden, Rishi Sunak, Prince Mohammed Bin Salman, Justin Trudeau, Fumio Kishida, N, Kumar Mangalam Birla, Sunil Mittal, Ambani, Xi Jinping, Vladimir Putin, Modi, Adani, Sarita Chaganti Singh, Shivangi, Clarence Fernandez Organizations: REUTERS, British, Canadian, Japanese, Tata, Bharti Airtel, Reliance Industries, Adani, Hindenburg Research, Adani Enterprises, Tata Sons, Bharati Airtel, Aditya Birla Group, Thomson Locations: New Delhi, India, DELHI, Saudi

☆ India succeeds in reducing emissions rate by 33% over 14 years - sources
▼ + stars: | 2023-08-09 | by ( Sarita Chaganti Singh | ) www.reuters.com time to read: +3 min

REUTERS/Adnan Abidi/File PhotoNEW DELHI, Aug 9 (Reuters) - India's greenhouse emissions rate dropped by a faster-than-expected 33% in 14 years as renewable energy generation rose and forest cover increased, according to two officials privy to latest assessment made for submission to the United Nations. India's rate of emissions intensity - the total amount of greenhouse gas emissions emitted for every unit increase of gross domestic product (GDP) - fell by 33% from 2005 to 2019, officials privy to the preparations of the Third National Communication (TNC) report said. India's average rate of reduction in emissions increased to 3% annually in the period 2016-2019, from just about 1.5% in the period 2014-2016. The progress made on reducing emissions intensity should help India avert pressure by developed nations to stop using coal, the second official said. Recently, India has also been trying to promote green hydrogen, manufactured by splitting water molecules using renewable energy.

Persons: Adnan Abidi, Sarita Chaganti Singh, Simon Cameron, Moore Organizations: REUTERS, United Nations, National Communication, Reuters, Reuters . Central Electricity Authority, Reuters Graphics Reuters, Thomson Locations: New Delhi, India

FILE PHOTO-India's Deputy Minister for Information Technology Rajeev Chandrasekhar speaks during the 'SemiconIndia 2023', India's annual semiconductor conference, in Gandhinagar, India, July 29, 2023. REUTERS/Amit Dave/File PhotoNEW DELHI, Aug 4 (Reuters) - India will delay its order of licensing requirement for imports of laptops, tablets and personal computers by at least a month, a senior government official said on Friday, just a day after the decision was announced. India on Thursday said it will impose a licensing requirement for imports of laptops, tablets and personal computers with immediate effect. The official was speaking to reporters in New Delhi. Reporting by Sarita Chaganti Singh; Editing by Jacqueline Wong, Jane Merriman and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Information Technology Rajeev Chandrasekhar, Amit Dave, Sarita Chaganti Singh, Jacqueline Wong, Jane Merriman, Tomasz Janowski Organizations: Information Technology, REUTERS, Thomson Locations: Gandhinagar, India, New Delhi

☆ Exclusive: BYD tells India partner it wants to drop $1 billion EV investment plan, sources say
▼ + stars: | 2023-07-28 | by ( Sarita Chaganti Singh | ) www.reuters.com time to read: +4 min

BYD executives told Megha Engineering last week that the battery and EV maker wanted to drop pursuit of the investment, according to the two people with knowledge of that exchange. BYD, China's largest EV maker, declined to comment on the status of its investment proposal and whether it would pull the plan to produce electric cars in India. Megha Engineering did not respond to request to comment. A final decision on whether to approve BYD's investment proposal would be taken by Indian ministries of trade and heavy industries. In 2013 it started building electric buses in India with Megha Engineering, under a joint venture company called Olectra Greentech (OLEC.NS).

Persons: BYD, Megha, Aditi Shah, Zoey Zhang, Kevin Krolicki, Simon Cameron, Moore Organizations: Reuters, Megha Engineering, Engineering, automaker Tata Motors, Thomson Locations: DELHI, India, New Delhi, Hyderabad, China, Shanghai

[1/2] A motorist rides past a hoarding decorated with flowers to welcome G20 foreign ministers in New Delhi, India, March 1, 2023. REUTERS/Amit Dave/File photoCHENNAI, India/BRUSSELS, July 28 (Reuters) - The Group of 20 (G20) major nations failed on Friday to agree on concrete targets to cut dangerous emissions, releasing only a statement that dismissed current measures to address climate change as "insufficient". Members could not agree on depleting carbon budgets, historical emissions, net-zero goals and the issue of financing to support developing countries, the document showed. China and oil-rich Saudi Arabia backed away from making commitments in the G20 talks, members of a European delegation said. The EU's Environment Commissioner said the G20 countries were "nowhere" on their commitments to address climate change.

Persons: Amit Dave, Virginijus Sinkevicius, Sarita Chaganti Singh, Aftab Ahmed, Kate Abnett, John Stonestreet, Angus MacSwan, Andrew Heavens Organizations: REUTERS, United Arab Emirates, Thomson Locations: New Delhi, India, CHENNAI, BRUSSELS, North America, Europe, China, Indian, Chennai, Saudi Arabia, Delhi, Brussels

☆ India's ACME Group gets $490 million in funding for Oman project
▼ + stars: | 2023-07-22 | by ( ) www.reuters.com time to read: +1 min

Companies Acme Group FollowREC Limited FollowNEW DELHI, July 21 (Reuters) - Indian renewable energy company ACME Group said on Friday it raised 40 billion rupees ($487.98 million) in fresh funding from infrastructure finance firm REC (RECM.NS), to start its green hydrogen and ammonia project in Oman. The money will be used for the first phase of the project, which will be established at the special economic zone in Duqm, Oman, the group said in a statement. The facility is expected to produce 100,000 tons of green ammonia annually in its starting phase. It will then be expanded to 1.2 metric million tons per annum with about 3.5-gigawatts of electrolyser capacity. ($1 = 81.9714 Indian rupees)Reporting by Sarita Chaganti Singh in New Delhi; Editing by Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.

Persons: Sarita Chaganti Singh, Nivedita Organizations: Acme, ACME Group, REC, ACME, Thomson Locations: DELHI, Oman, Duqm, New Delhi

☆ India PM Modi says encouraging response to global grid proposal
▼ + stars: | 2023-07-22 | by ( ) www.reuters.com time to read: 1 min

BAMBOLIM, India July 22 (Reuters) - India has had an "encouraging" response from other countries to its proposal to build a transnational grid to enhance energy security, Prime Minister Narendra Modi said on Saturday. "We are promoting this mutually beneficial cooperation with our neighbors in this region. And I can tell you, we are seeing encouraging results," Modi told G20 group energy ministers. Reporting by Nidhi Verma in Bambolim, Writing by Sarita Chaganti Singh in New Delhi; editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

Persons: Narendra Modi, Modi, Nidhi Verma, Sarita Chaganti Singh, Robert Birsel Organizations: Thomson Locations: BAMBOLIM, India, Bambolim, New Delhi

☆ IEA chief says oil demand projections depend on China's growth
▼ + stars: | 2023-07-22 | by ( ) www.reuters.com time to read: +1 min

GOA, July 22 (Reuters) - The International Energy Agency (IEA) will revise its global oil demand growth projections based on the economic growth prospects of China and some other countries, its executive director Fatih Barol said on Saturday. He reiterated the IEA's view that oil markets are expected to tighten in the second half of the year. Speaking to reporters at a meeting of Group of 20 energy ministers in India, Barol said the revision of the demand forecast "is very much dependent on the growth of many countries in the second half, but mainly Chinese growth prospects". Asked if there was a case for a further reduction in demand projections, he said, "Yes, but there is also a possibility of revising up, so we will see how the Chinese economic prospects will look like. But in any case we see a tightening in the second half of the year."

Persons: Fatih Barol, Barol, Nidhi Verma, Sarita Chaganti Singh, William Mallard Organizations: International Energy Agency, Thomson Locations: GOA, China, India, Goa, New Delhi

☆ India rejects BYD's $1 bln factory proposal -Economic Times
▼ + stars: | 2023-07-22 | by ( ) www.reuters.com time to read: +1 min

NEW DELHI, July 22 (Reuters) - India has rejected Chinese automaker BYD Co's (002594.SZ) proposal to set up a $1 billion factory in India in partnership with Hyderabad-based Megha Engineering and Infrastructure Ltd, the Economic Times reported on Saturday. Reuters reported this month that BYD had submitted a $1 billion investment proposal to build electric cars and batteries in India in partnership with a local company. Reuters could not independently verify the contents of The Economic Times' report. India's Department of Commerce, Department for Promotion of Industry and Internal Trade (DPIIT) had sought opinions from other departments on the investment proposal, the report said. "Security concerns with respect to Chinese investments in India were flagged during the deliberations," the report quoted an Indian official as saying.

Persons: BYD, Sarita Chaganti Singh, Jason Neely Organizations: Engineering, Infrastructure Ltd, Economic Times, Reuters, India's Department of Commerce, Department, Promotion of Industry, Internal, Thomson Locations: DELHI, India, Hyderabad

Companies BTA 2012 Private Placement Program FollowBAMBOLIM, India, July 21 (Reuters) - Major fossil fuel producers, including Saudi Arabia and Russia, on Friday opposed a proposal to triple G20 countries' renewable energy capacity by 2030, three sources said. India, as current holder of the G20 presidency, took a neutral stand on the issue, said the sources - two of whom attended the G20 meeting. One of those sources said Russia and Saudi Arabia declined to accept targets on increasing non-fossil capacity or deadlines to add renewable energy on the grounds natural gas is a critical part of their energy mix. Some members sought for the phrase "low-carbon hydrogen" to be adopted, rather than "green hydrogen," the sources said. While green hydrogen is produced using renewable energy, "low-carbon hydrogen" could include hydrogen produced using gas, which is less carbon intensive than coal.

Persons: Sarita Chaganti Singh, Barbara Lewis Organizations: Reuters, International Energy Agency, Energy, European Union, West, Thomson Locations: India, Saudi Arabia, Russia, China, South Africa, Indonesia, Goa, New Delhi, Ukraine, Germany, United States, Bambolim

[1/2] Rescuers work at the site of an apartment building damaged during Russian missile strikes, amid Russia’s attack on Ukraine, in Kyiv, Ukraine June 24, 2023. Most western countries including the U.S., United Kingdom, Germany and France had pushed for a firm condemnation of Russia and the war in Ukraine, whereas Russia and its friend China had opposed any such move, the official added. The gathering in the western state of Gujarat was the G20's third finance track meeting under India's presidency. India has not been able to forge a joint statement in any of the key tracks since it took over the presidency of G20 last December. Reporting by Shivangi Acharya and Sarita Chaganti Singh; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: China, Janet Yellen, Shivangi Acharya, Sarita Chaganti Singh, Simon Cameron, Moore Organizations: Russian, REUTERS, Indian, Reuters, United Nations, Treasury, Thomson Locations: Ukraine, Kyiv, Valentyn, GANDHINAGAR, India, Russia, Gandhinagar, U.S, United Kingdom, Germany, France, Gujarat, Bengaluru

GANDHINAGAR, India, July 17 (Reuters) - Debt restructuring talks made little progress during the third finance meeting of the G20 countries in India as the bloc was unable to overcome key differences and low attendance due to domestic issues adding to the roadblocks. The finance ministers of the G20 countries gathered in the western Indian state of Gujarat, hoping to push for agreements on debt restructuring for vulnerable countries, global minimum taxation and reforms on multilateral development banks. "We are not making much headway with the debt restructuring issue," a senior official, who is part of the meeting, told Reuters on Monday. Officials said several finance ministers were forced to skip the meetings due to domestic issues that were a "priority". Finance ministers from Japan, Australia, Canada, Indonesia, South Korea, Indonesia, South Africa, along with the United States and India were present.

Persons: Janet Yellen, Joachim Nagel, Aftab Ahmed, Chizu Organizations: Reuters, United, Treasury, Officials, Finance, Thomson Locations: GANDHINAGAR, India, Gujarat, Zambia, United States, New Delhi, Japan, Australia, Canada, Indonesia, South Korea, South Africa, Argentina, Brazil, France, Mexico, Germany's, Parisian, Germany

☆ Exclusive: India to push G20 to raise share of taxes on firms where they earn 'excess profit'
▼ + stars: | 2023-07-16 | by ( Shivangi Acharya Sarita Chaganti Singh Nikunj Ohri | Shivangi Acharya | Sarita Chaganti Singh | ) www.reuters.com time to read: +3 min

"India has made suggestions to get its due share of taxing rights on excess profits of multinational companies," one official said. The suggestions have been made to the OECD and will be discussed "extensively" during the G20 meeting on Monday and Tuesday, the official said. Under the agreement, global corporations with annual revenues over 20 billion euros ($22 billion) are considered to be making excess profits if the profits exceed 10% annual growth. The 25% surcharge on these excess profits is to be divided among countries. The G20 host nation will also propose that withholding taxation be de-linked from the excess profit tax principle.

Persons: Sarita Chaganti Singh, Shivangi Acharya, Nikunj, Aftab Ahmed, William Mallard Organizations: Organisation for Economic Cooperation, Development, OECD, People's, India's Consumer, Thomson Locations: DELHI, India, Australia, Japan, Gujarat, U.S, New Delhi

☆ Exclusive: India to push G20 to raise share of taxes on firms where they earn 'excess profit,' officials say
▼ + stars: | 2023-07-16 | by ( Shivangi Acharya Sarita Chaganti Singh Nikunj Ohri | Shivangi Acharya | Sarita Chaganti Singh | ) www.reuters.com time to read: +3 min

"India has made suggestions to get its due share of taxing rights on excess profits of multinational companies," one official said. The suggestions have been made to the OECD and will be discussed "extensively" during the G20 meeting on Monday and Tuesday, the official said. Under the agreement, global corporations with annual revenues over 20 billion euros ($22 billion) are considered to be making excess profits if the profits exceed 10% annual growth. The 25% surcharge on these excess profits is to be divided among countries. The rules now say countries offset their share of taxes with the withholding tax they collect.

REUTERS/Nick Carey/File PhotoNEW DELHI, July 14 (Reuters) - China's BYD Co (002594.SZ) has submitted a $1 billion investment proposal to build electric cars and batteries in India in partnership with a local company, three people with direct knowledge of the plan told Reuters. The longer-term plan is to build a full line-up of BYD-brand EVs in India from hatchbacks to luxury models, one of the three people said. BYD, the world's largest producer of EVs and plug-in hybrid vehicles, did not immediately respond to a request for comment. If the India investment is approved, it would give BYD a presence in all major global car markets with the exception of the United States. The investment proposal also includes a plan by BYD and Megha to set up charging stations in India and build research and development and training centres, the sources said.

Persons: Nick Carey, BYD, Tesla, EVs, Sarita Chaganti Singh, Aditi Shah, Zoey Zhang, Shivangi Acharya, Kevin Krolicki, Jacqueline Wong Organizations: REUTERS, Reuters, BYD, Shivangi, Thomson Locations: Farnborough, Britain, DELHI, India, Hyderabad, hatchbacks, United States, New Delhi, Shanghai

NEW DELHI, July 13 (Reuters) - Global finance chiefs will meet in India next week to discuss increasing loans to developing nations from multilateral institutions, reforming the international debt architecture and regulations on cryptocurrency, Indian officials said. The finance ministers and central bank governors from the Group of 20 (G20) nations will also discuss a multilateral agreement on taxing conglomerates with cross-border operations, while the Russian war in Ukraine was also bound to come up, they said. Senior treasury officials from Russia and China are also expected to attend, according to two Indian officials, who did not want to be named. The finance ministers and treasury heads will also attempt to bring agreement on the principles of managing cryptocurrencies in their respective geographies. Additional reporting by Maria Martinez and Leigh Thomas; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Janet Yellen, Ajay Banga, Kristalina Georgieva, Lawrence Summers, N.K, Singh, Ajay Seth, Maria Martinez, Leigh Thomas, Raju Gopalakrishnan Organizations: Global, Treasury, International Monetary Fund's, Economic, IMF, Organisation for Economic Co, Development, OECD, Thomson Locations: DELHI, India, Ukraine, Gandhinagar, Gujarat, New Delhi, U.S, Russia, China, Zambia, Ghana

June retail inflation rose to 4.81%, higher than both the revised 4.31% for the previous month and the 4.58% expected in a Reuters poll of 55 economists. Food inflation, which accounts for nearly half of the overall consumer price basket, rose to 4.49% against a revised 2.96% in May. Reuters GraphicsErratic and incessant rainfall in northern India could push vegetable prices higher in the coming months. Prices of vegetables will remain high in July and may push retail inflation to an "uncomfortable 5.3%-5.5%" this month, Nayar added. "We expect the monetary policy committee to see through the short-term spike in food inflation and remain on prolonged pause," said Garima Kapoor, economist at Elara Capital.

Persons: Aditi Nayar, Nayar, Garima Kapoor, Aftab Ahmed, Vineet, Christina Fincher, Mark Heinrich Our Organizations: NEW DELHI, Reuters, Reserve Bank of India, Elara, Thomson Locations: India

[1/2] U.S. President Joe Biden meets with India's Prime Minister Narendra Modi in the Oval Office at the White House in Washington, U.S., September 24, 2021. Washington also wants to wean India away from its traditional defence partner Russia. Though Modi has made several previous visits to the United States, this will be his first with the full diplomatic status of an official state visit, just the third of Biden's presidency and third by any Indian leader. "It’s a milestone in our relationship...It is a very significant visit, very important visit," India’s Foreign Secretary Vinay Kwatra told reporters on Monday. Modi will also meet American CEOs and lead an International Yoga Day event at the UN headquarters.

Persons: Joe Biden, Narendra Modi, Evelyn Hockstein, Modi, Vinay Kwatra, Kwatra, General, Ely Ratner, Biden, Kamala Harris, Antony Blinken, Raja Mohan, Krishn Kaushik, Sarita Chaganti Singh, David Brunnstrom Organizations: India's, White, REUTERS, Indian, . Congress, JET, General Electric, U.S ., Defense, Pacific Affairs, UN, Asia Society Policy, Rajesh, Thomson Locations: Washington , U.S, India, DELHI, WASHINGTON, United States, Washington, Washington and New Delhi, Pacific . Washington, Russia, New Delhi, Moscow, Ukraine, West, China, Cooperation, New York, U.S, Asia, NEW DELHI

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