The US President does not have the authority to remove or delete India from the excluded Computer Tier 3 eligible country list. The bill, once passed by Congress, would help facilitate that.
Earlier this year, White House National Security Advisor Jake Sullivan traveled to Saudi Arabia for talks that also included Indian and UAE representatives on the topic
The G20 bloc also plans to recognize the importance of blended finance to address climate issues, a recognition that public money isn’t sufficient and that businesses are unlikely to invest in situations in which their returns are uncertain.