DFC to invest USD 54 million in India to support critical infrastructure projects

The United States International Development Finance Corporation (DFC) has announced to invest $54 million in India to support the development of critical infrastructure projects in the country in the wake of the COVID-19 pandemic. The DFC will invest this $54 million in equity for the National Investment and Infrastructure Fund (NIIF) in India.

NIIF will use this capital to support economic growth and address critical development challenges in the country. This financing is part of NIIF’s final round of fund-raising for the fund.

Boost your Banking Awareness Knowledge with Adda247 Live Batch: TARGET GA BATCH | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams

About Development Finance Corporation:

DFC is the development finance institution of the United States federal government, primarily responsible for providing and facilitating the financing of private development projects in lower- and middle-income countries.

Important takeaways for all competitive exams:

  • National Investment and Infrastructure Fund Headquarters: Mumbai, India.
  • National Investment and Infrastructure Fund Founded: February 2015.
  • National Investment and Infrastructure Fund MD and CEO: Sujoy Bose.

Find More Business News Here

×

Download success!

Thanks for downloading the guide. For similar guides, free study material, quizzes, videos and job alerts you can download the Adda247 app from play store.

[adda247_lead_form]

Leave a comment

Your email address will not be published. Required fields are marked *