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:
Chinese human-like robots have attracted attention following their participation in a 100-meter dash event where…
The Onam festival of 2026 is being celebrated throughout the state of Kerala through colorful…
The US government has unveiled an operation called Economic Outcast, which is a new global…
The National Security Guard (NSG) has inaugurated the first-ever Mahila Commando Conversion Course (MCCC) at…
National Conclave on Tribal Languages and Museums was launched in the Mysuru, Karnataka, on August…
As per a recent report released by NITI Aayog, close to 8.7 crore Indians between…