USA and India share a strong commitment to promoting economic growth and development, and regional cooperation and connectivity.
In this spirit of engagement, the Millennium Challenge Corporation (MCC), a United States government agency that provides eligible countries with grants to fund country-led solutions for reducing poverty through sustainable economic growth, and the Development Partnership Administration of the Ministry of External Affairs of India, which looks after the implementation of India’s development cooperation programmes with partner countries, agreed to cooperate for their mutual benefit.
They intend to cooperate with the goal of advancing their mutual interests to strengthen regional integration and connectivity, particularly in the areas of energy, trade, and investment.
NATURE OF THE COOPERATION
A.Exchange of information and experience in relevant sectors or issues pertaining to project development or implementation in Partner Countries;
B. Providing advisory or technical assistance to Partner Countries regarding sector policy reform, project and sector management, project implementation, and economic growth promotion strategies in relevant sectors;
C.Facilitating site visits to cross-border or other relevant projects; and
D.Capacity building of Partner Countries.
It is expeced that the cooperation will continue for a period of five years.
