Equity investment will support critical infrastructure projects across India
WASHINGTON – U.S. International Development Finance Corporation (DFC) today announced that it will invest $54 million in equity for the National Investment and Infrastructure Fund (NIIF) in India to support the development of critical infrastructure projects. The financing is part of NIIF’s final round of fundraising for the fund.
”DFC’s investment will support the growth and development of a key partner in the Indo-Pacific and allow DFC to facilitate investment in strategic infrastructure projects throughout India,” said DFC Chief Executive Officer Adam Boehler. “DFC brings its commitment to high standards in all of our projects, and we are excited to establish this partnership with NIIF.”
“We are pleased to announce that NIIF has completed fund raising for its Master Fund,” said NIIF Chief Executive Officer Sujoy Bose. “We are delighted that DFC is investing in this final round. Their investment will strengthen infrastructure investment across India. We are excited at all that DFC brings to the table, including its high standards such as the Blue Dot Network and commitment to best practices with respect to transparency and management of environmental and social risks,” said NIIF Chief Executive Officer Sujoy Bose.
India is one of the fastest growing countries in the previous three decades, but it suffers from a significant infrastructure deficit, holding back further growth for the country especially in the wake of COVID-19. NIIF will work to mobilize capital to support economic growth and address critical development challenges in the country.
DFC’s investment will help NIIF invest in infrastructure projects that are important for the long term sustainable growth of the Indian economy, supporting development and U.S. foreign policy.
Read more about DFC’s investments.
U.S. International Development Finance Corporation (DFC) is America’s development bank. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, critical infrastructure, and technology. DFC also provides financing for small businesses and women entrepreneurs in order to create jobs in emerging markets. DFC investments adhere to standards and respect the environment, human rights, and worker rights.