'The opportunity for synergy is enormous, and builds on the Obama administration's priority to advance collaboration in science and technology,' said USIBC President Ron Somers. 'We are committed, together with our partners in India, to play a major role in this very important effort.'

Ted Jones, USIBC director for policy advocacy, added that the upcoming Green India Executive Mission would focus on clean energy and water infrastructure. 'India has made important domestic commitments to deploy low-carbon-technologies,' said Jones.

The National Action Plan details plans to deploy 15,000 megawatts of renewable power by 2012; 20,000 megawatts of solar power by 2020; saving 10,000 megawatts through energy efficiency by 2012; and increasing nuclear capacity to 40,000 megawatts by 2032.

'These commitments will be met only with broad private-sector participation, and that represents massive opportunities for US trade and investment,' Jones added.