The World Bank Group member International Finance Corporation (IFC) has rightly invested a record $2.6 billion in India in 2017-18, which is a massive growth of about 136% in the span of two years by keeping some key areas as a priority such as an infrastructure, logistics, inclusion, and sustainability. All these investments are long-term and are made with over 40 engagements with some partners ranging from the new-age startups such as Bizongo and Coverfox to the renowned names like Mahindra & Mahindra and HDFC.
This addresses the key developments, which are the all-time high gaps through selective and systematic interferences in reasonable housing, small and medium enterprises, distraught assets, technology startups, logistics, renewable energy, agriculture, and sustainable mobility. These sectors will endure the keystones of IFC’s investment and advisory activities in India in the years to come, said by IFC in one of their releases. Mengistu Alemayehu, Director of South Asia, IFC said, “As we complete six decades in India, we still continue to believe in the fundamental of the country and want to outgrow the development that is wide-ranging, justifiable and profligate”.
During the growing year, investments in the infrastructure crossed nearly to $1 billion for the first time, and the climate-related investments also crossed $1 billion to reach till the record high. Moreover, IFC’s work in an area of concerned possessions has the possibility to address 12% to 15% of India’s non-performing assets.
In addition to this, the investments, IFC’s recommended teams have functioned with numerous arms of the government at the Centre and in states to discourse all the key problems. IFC’s public-private-partnership (PPP) team led some path-breaking solutions for renewable energy storage, cleaning the Ganga, structuring innovative transactions for renewable energy, and much more. India is IFC’s main country with an investment portfolio of around $6.1 billion, which is 11% of the global committed portfolio. India is also IFC’s largest impartiality exposure and the biggest advisory client.