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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.

Ambassador Verma at the Global Sankalp Summit 2015
April 9, 2015

Just as the U.S. – India relationship has evolved, so has the way we address development challenges together.

April 8, 2015

The U.S. Agency for International Development (USAID) in collaboration with India’s Ministry of Power (MOP) and the Ministry of New and Renewable Energy (MNRE) today organized a two-day national workshop on “Accelerating Clean Energy Deployment through Innovative Policies & Regulations.” The workshop was organized as part of the U.S. - India “Partnership to Advance Clean Energy Deployment” Technical Assistance Program (PACE-D TA Program).

April 1, 2015

U.S. Ambassador to India Richard Verma today visited a migrant slum community of cricket bat makers to see an innovative, low-cost, decentralized solar energy home lighting system designed by the Solar Electric Light Company (SELCO) for this labor community.

March 21, 2015

New Delhi: The United States government, through the U.S. Agency for International Development (USAID), celebrated the 2015 International Day of Forests today by launching the “Forests are Life” campaign. The campaign, developed in partnership with JC Decaux and Vertiver, will connect people to the beauty and multidimensionality of forests through graphics inspired by Indian folk and tribal art.

January 27, 2015

During his historic second visit to India, President Obama commended Prime Minister Modi’s Jan Dhan initiative to prioritize financial inclusion for all of India’s citizens. As part of the President’s pledge of U.S. support for this vital Government of India goal, the U.S. Agency for International Development (USAID) is pleased to announce that over twenty key U.S., Indian, and international private sector organizations intend to partner with USAID in support of the Government of India’s program to expand meaningful access to financial services and lay the foundation for a world-leading, inclusive digital economy.

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Last updated: June 30, 2015

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