--- title: Obama Pledges $4 Billion Towards Investment in India description: Half that amount will be set aside for India's renewable energy efforts canonical: https://time.com/3683526/obama-modi-india-investment/ author: Rishi Iyengar article:opinion: false article:content_tier: free article:published_time: 2015-01-27T09:25:03.000Z article:modified_time: 2026-05-11T05:06:01.530Z article:section: World og:title: Obama Will Invest In Modi's India og:description: U.S. president pledges $4 billion in investments and loans. og:url: https://time.com/3683526/obama-modi-india-investment/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt6c9699de952f3d6b/69877c08a988ca2d246ac1d8/rtr4mu5a.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 og:image:width: 1200 og:image:height: 675 og:image:alt: U.S. President Barack Obama delivers a toast as he attends an Official State Dinner at the Rashtrapati Bhavan presidential palace in New Delhi og:type: article twitter:card: summary_large_image twitter:title: Obama Will Invest In Modi's India twitter:description: U.S. president pledges $4 billion in investments and loans. twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt6c9699de952f3d6b/69877c08a988ca2d246ac1d8/rtr4mu5a.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  # Obama Pledges $4 Billion of Investment in India by [Rishi Iyengar](/author/rishi-iyengar/) ## Rishi Iyengar Jan 27, 2015 9:25 AM CUT  U.S. President Barack Obama delivers a toast as he attends an Official State Dinner with India's President Pranab Mukherjee and Prime Minister Narendra Modi at the Rashtrapati Bhavan presidential palace in New Delhi January 25, 2015. U.S. President Barack Obama delivers a toast as he attends an Official State Dinner with India's President Pranab Mukherjee and Prime Minister Narendra Modi at the Rashtrapati Bhavan presidential palace in New Delhi January 25, 2015.Jim Bourg—REUTERS by [Rishi Iyengar](/author/rishi-iyengar/) ## Rishi Iyengar Jan 27, 2015 9:25 AM CUT U.S. President Barack Obama [pledged $4 billion](http://www.reuters.com/article/2015/01/26/us-india-obama-idUSKBN0KX0OW20150126 "undefined") in investment and loans to India on Monday, soon after attending the South Asian nation’s [66th annual Republic Day celebrations](http://time.com/3682247/obama-india-republic-day-parade/ "undefined") as the guest of honor earlier in the afternoon. Obama told a gathering of business leaders from India and the U.S. that both countries have “got to do better” in furthering an economic relationship “defined by so much untapped potential,” Reuters reports. The U.S. Trade and Development Agency will commit $2 billion towards India’s renewable energy efforts, Obama said, while $1 billion each will be pledged to finance “Made-in-America” exports and Indian rural businesses respectively. \[[_Reuters_](http://www.reuters.com/article/2015/01/26/us-india-obama-idUSKBN0KX0OW20150126 "undefined")\] ### See Obama attend India's Republic Day Parade  President Barack Obama and Indian Prime Minister Narendra Modi watch an award ceremony and parade from their viewing stand overlooking the Republic Day parade in New Delhi, Jan. 26, 2015. Stephen Crowley—AP  Aaerial view of the paramilitary contingents taking part in the Republic Day parade in New Delhi, Jan. 26, 2015. EPA A girl sits on the shoulder of a man and holds up a mobile phone as the Republic Day parade marches past in the old parts of New Delhi, Jan. 26, 2015. Tsering Topgyal—AP  Policemen march during the Republic Day parade in New Delhi, Jan. 26, 2015. Adnan Abidi—Reuters  Soldiers march in formation down the ceremonial boulevard Rajpath during the Republic Day parade in New Delhi on Jan. 26, 2015. Prakash Singh—AFP/Getty Images  Navy sailors watch military helicopters fly-by during India's Republic Day parade in New Delhi, Jan. 26, 2015. Jim Bourg—Reuters  Performers spin around atop a float during the Republic Day Parade in New Delhi, Jan. 26, 2015. Carolyn Kaster—AP  A paramilitary unit participates in the 66th Republic day function in New Delhi, Jan. 25, 2015. Harish Tyagi—EPA  A spectator holds a placard that reads "We Love Obama" as the motorcade of President Obama departs following the conclusion of the country's Republic Day Parade in New Delhi on Jan. 26, 2015. Tengku Bahar—AFP/Getty Images ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/3683526/obama-modi-india-investment/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/3683526/obama-modi-india-investment/"},"headline":"Obama Pledges $4 Billion of Investment in India","datePublished":"2015-01-27T09:25:03.000Z","dateModified":"2026-05-11T05:06:01.530Z","description":"Half that amount will be set aside for India's renewable energy efforts","url":"https://time.com/3683526/obama-modi-india-investment/","keywords":["Barack Obama","India","Obama","Narendra Modi","Modi","investment"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt6c9699de952f3d6b/69877c08a988ca2d246ac1d8/rtr4mu5a.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Rishi Iyengar","jobTitle":null,"url":"https://time.com/author/rishi-iyengar/"}],"articleSection":"World","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt6c9699de952f3d6b/69877c08a988ca2d246ac1d8/rtr4mu5a.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"U.S. President Barack Obama delivers a toast as he attends an Official State Dinner at the Rashtrapati Bhavan presidential palace in New Delhi","caption":"U.S. President Barack Obama delivers a toast as he attends an Official State Dinner at the Rashtrapati Bhavan presidential palace in New Delhi","creditText":"Jim Bourg—REUTERS","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/world/","name":"World"}},{"@type":"ListItem","position":2,"item":{"@id":"https://time.com/3683526/obama-modi-india-investment/","name":"Obama Pledges $4 Billion of Investment in India"}}]}] ```