U.S. Treasury Secretary Yellen announced that the U.S. is working with India to develop an investment platform to reduce capital costs and increase private investment in India's energy transition. The two countries have been cooperating on economic issues, including commercial and technological cooperation and supply chain strengthening. Yellen's visit to India, her third to the country this year, underscores the growing relationship between the two countries. The two countries are also close to reaching an agreement on a global minimum tax regime.