India-UK joint fund to raise 500 million pounds to finance Indian energy projects
The Indian government in partnership with the UK government on Tuesday has announced to raise 500 million pounds (nearly Rs 4,063 crore) to finance Indias energy sector projects.
With an aim to finance India's energy sector projects, the Indian government in partnership with the UK government on Tuesday has announced to raise 500 million pounds (nearly Rs 4,063 crore).
The governments of both countries have formed joint India-UK fund under the National Investment and Infrastructure Fund (NIIF).
The joint UK-India fund aims to leverage private sector investment from the city of London to finance Indian infrastructure projects.
with@arunjaitley and his team. Look forward to productive talks,” Hammond said on Twitter.
“The two Finance Ministers announced that the fund will focus initial investments on India’s rapidly growing energy and renewables market and that a fund manager is expected to be selected by the Autumn,” the statement said.
Progress will be accelerated by starting the process of appointing a fund manager now with early market engagement via the publication of a blueprint, with the aim to identify additional and complementary sectors for fund investments, it further added.
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