InvestorQ : Where does the US based DFC propose to invest $350 million in India?
Dawn Cherian made post

Where does the US based DFC propose to invest $350 million in India?

Answer
user profile image
Dilmini Mercia answered.
3 months ago


The US based International Development Finance Corporation (DFC) plans to invest $350 million in India. The idea is to allocate to projects across financial services, health infrastructure, renewable energy and food security. DFC is America’s development bank and has already approved loans worth $142 million for ReNew Power and for Sitara Solar Energy to build and operate solar power plants in Rajasthan. It will also scale up lending to businesses that expand access to water, sanitation and food. The overall commitment of DFC to emerging markets is $1 billion and India is an important part of that commitment. DFC normally makes high impact investments in start up like environments with larger social implications. Nearly two-thirds of its investments are in low and lower middle-income countries.