Iceland's president offered Thursday to give India clean energy technology to help it move away from its dependence on coal and oil to generate electricity.
President Olafur R. Grimsson also invited Indian businesses to invest in his country and set up joint ventures in information technology, banking, pharmaceutical and other sectors to strengthen India's presence in the U.S. and European markets.
Grimsson, who met Prime Minister Manmohan Singh and other Indian leaders, said that 100 percent of Iceland's electricity and space heating now comes from clean energy.
"One of the great opportunities for cooperation is that we can bring our geothermal and hydro expertise to India," he said.
Energy-starved India is largely dependent on coal and oil for electricity generation. It gets just 3 percent of its energy from nuclear power. It plans to increase its nuclear capacity to 63,000 megawatts by 2030 from 4,120 megawatts now.
Grimsson is scheduled to visit Bangalore, India's information-technology hub, on Friday.
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