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(From left to right): E. S. Rao, Director & CEO, IAMCL, S.B. Nayar, Chairman and Director, IIFCL, and Manpreet Anand, Acting Mis
June 30, 2015

June 30, 2015, New Delhi: In an effort to scale up India’s renewable energy capacity, the U.S. Agency for International Development (USAID) today signed a memorandum of understanding (MOU) with IIFCL Asset Management Company Ltd. (IAMCL) to provide technical assistance for increasing investment in renewable energy in the country by $665 million. The MOU was signed by Manpreet Anand, Deputy Assistant Administrator, USAID Asia Bureau, and E. S. Rao, CEO of IAMCL at their office in New Delhi.

As part of the agreement, USAID will provide technical assistance to IAMCL to enhance its institutional capacity to access financial resources from a new class of institutional investors in international markets. The focus of the activities will be on designing, developing, and deploying innovative financing mechanisms that will improve funding for India’s renewable energy sector. In particular, USAID will assist IAMCL in the creation of Green Bonds and Infrastructure Debt Fund-Mutual Fund worth $665 million.

MOU signing photo
June 12, 2015

Yesterday, the U. S. Agency for International Development (USAID) and Tata Trusts, comprising of the Sir Ratan Tata Trust & Allied Trusts and Sir Dorabji Tata Trust & Allied Trusts, executed a Memorandum of Understanding (MOU) to explore partnership opportunities to support development innovation in maternal and child health, nutrition, tuberculosis control, water, sanitation, early grade literacy, agriculture, and social entrepreneurship.

May 8, 2015

This week, U. S. Agency for International Development (USAID) Acting Administrator Alfonso Lenhardt announced a new $1.5 million, three-year award to the Indian Self Employed Women’s Association (SEWA), the world’s largest women’s cooperative, with a membership exceeding 1.9 million. SEWA will partner with government and civil society stakeholders in Afghanistan and India to train more than 3,000 Afghan women across five provinces in vocational skills including embroidery, garment stitching, food processing and jewelry making, as well as in leadership and marketing.

April 22, 2015

The United States Agency for International Development (USAID) and the Center for Knowledge Societies (CKS), today, announced the three winners of the READ Alliance’s Early Grade Reading Innovation Challenge 2014. The Read – Engage – Achieve – Dream (READ) Alliance is a $3.2 million initiative to help improve the reading skills of millions of primary school age children in India.

April 16, 2015

The U.S. Agency for International Development (USAID) and Swayam Shikshan Prayog (SSP) today held an international dialogue on the emerging role of women entrepreneurs in promoting clean energy at the India Habitat Centre in New Delhi. The two-day dialogue called the ‘wPOWER Global Partnership Forum’ was opened jointly by Varsha Joshi, Joint Secretary, Ministry of New and Renewable Energy, and John Beed, Mission Director, USAID/India.

April 9, 2015

The U.S. Agency for International Development (USAID) today announced the expansion to Nepal of two successful Indian agricultural programs that promote food security and economic growth.

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Last updated: July 29, 2015

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