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Recently, _____________ unveiled a proposal to provide 1 billion Euro (Rs 8440 crore) to India for energy transition projects across the country under a bilateral partnership for green and sustainable development.
  • a)
    France
  • b)
    Germany
  • c)
    Australia
  • d)
    Japan
  • e)
    None of these
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Recently, _____________ unveiled a proposal to provide 1 billion Euro ...
Germany has unveiled a proposal to provide 1 billion euros (Rs 8440 crore) to India for energy transition projects across the country under a bilateral partnership for green and sustainable development.
The announcement comes days ahead of German Foreign Minister Annalena Baerbock’s visit to India in December and in the backdrop of the development partnership for green and sustainable development signed between Prime Minister Narendra Modi and German Chancellor Olaf Scholz in May this year.
In May, after signing the agreement with PM Modi, German Chancellor Olaf Scholz announced a support of 10 billion Euro to India by 2030.
The funding of 1 billion euros for the projects in India is part of this pledge.
The two sides agreed on funding for more than 20 development projects over the next 8 years. The funding, including 10% grants and 90% in the form of lines of credit, will support India’s efforts in the fields of renewable energy, sustainable urban development in smart cities, and sustainable use of natural resources.
The lines of credit will be provided by KfW Development Bank.
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Recently, _____________ unveiled a proposal to provide 1 billion Euro (Rs 8440 crore) to India for energy transition projects across the country under a bilateral partnership for green and sustainable development.a)Franceb)Germanyc)Australiad)Japane)None of theseCorrect answer is option 'B'. Can you explain this answer?
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