News  NEWS

IFC plans $6 billion investment in India

592 times viewed
Source: The Economic Times
Wednesday, July 19, 2017

 MUMBAI: International Finance Corporation (IFC), a World Bank Group member, is planning to invest up to $6 billion in India over the next five years to support initiatives in renewable energy and green buildings, said a top official of the institution. 


“We have already invested over $2 billion in green buildings initiatives in India since 2005. Over the next five years until 2022, we will be investing $5 billion to $6 billion on climate change-led initiatives,” said Jun Zhang, India country head, IFC. 

Out of this proposed investment, 20% will be invested in efforts towards green buildings initiatives, while rest will be in climate change-led and sustainable development projects. 


Comments:



Post Your Comment:

Name:*
    
E-mail:*
    
Comments:*
    


Also Read:

»

New interpretation of customs rule leaves solar developers stranded

»

L&T plans to bid for more ONGC work after Daman win

»

Import of oil-drilling rigs kept out of GST purview

»

Green energy tariffs will fall further, help achieve targets: Anand Kumar

»

IGL launches pre-paid smart cards for CNG, cooking gas

»

Petrol dealers call off strike, allege arm-twisting by OMCs

»

Birender Singh urges MECON to play a key role in enhancing steel consumption in India

»

Diesel prices soar to all-time high in Delhi

»

Tamil Nadu cancels 500 MW solar auction held in Jan-Feb

»

First-ever shipment of US crude oil to India arrives at Odisha's Paradip Port

News  NEWS ARCHIVE
   
Home | Recent News | Privacy Policy | Disclaimer | Feedback | Sitemap | Contact Us

© Copyright Power Hub 2012-2014, All rights reserved.