US financial body 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.
- 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.
Source:Tribune India