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IFC investments touch record high of $2.6 bln to spur India’s development
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IFC investments touch record high of $2.6 bln to spur India’s development

Agency News

New Delhi, Nov 28: International Finance Corporation (IFC), a member of the World Bank Group, has invested a record 2.6 billion dollars in India in 2018, a rise of 136 per cent in two years, in infrastructure, logistics, inclusion and sustainability.

hese investments are all long-term, made over 40 engagements with partners ranging from new-age start-ups, such as Coverfox and Bizongo, to established names such as Mahindra & Mahindra and HDFC.

This is an all-time high and addresses key development gaps through select and systemic interventions in affordable housing, small and medium enterprises, distressed assets, technology start-ups, logistics, agriculture, renewable energy and sustainable mobility, IFC South Asia Director Mengistu Alemayehu said on Wednesday. (UNI)