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.
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:
India has made a nation's first native turbojet engine in the 350 kg thrust category.…
India set to host the International Type 1 Diabetes Summit 2026, a significant healthcare conference…
The Central Government appointed Naresh Pal Gangwar, an IAS officer from the Rajasthan cadre of…
Karnataka Thayi Bhagya Scheme has been launched by the Karnataka Government for the purpose of…
Karnataka's the Udyogini Scheme is a pre-eminent initiative of the State Government by promoting the…
Vaibhav Sooryavanshi has become the youngest batter to make a fifty in T20 International cricket.…