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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.

January 20, 2015

IL&FS Cluster Development Initiative (IL&FS Clusters) launched the India-Kenya Dairy Innovation Bridge Program (IKDIBP) on Friday, the 16th of January. The program is jointly funded by USAID India and IL&FS Clusters. Heifer International, Kenya is the technical partner and will work with IL&FS Clusters in implementing the program in Kenya.

January 13, 2015

The Ministry of Urban Development (MoUD) has partnered with the United States Agency for International Development (USAID) and the Bill & Melinda Gates Foundation to advance the Swachh Bharat Clean India Mission, launched by the Government of India on October 2, 2014.

January 5, 2015

The United States Agency for International Development (USAID) signed a Memorandum of Understanding with the Chhattisgarh Renewable Energy Development Agency (CREDA) to jointly work on the deployment and financing of off-grid renewable energy projects. As part of this initiative, USAID will help design and implement a state level off-grid fund, and support CREDA in the development and implementation of pilot programs including smaller micro-grids (localized and decentralized electricity grids) for irrigation and other energy use.

November 29, 2014

The United States Government through the United States Agency for International Development (USAID) today announced support to a public-private partnership in India for “Girl Rising,” a global campaign to promote girls’ education. USAID previously announced $3 million to support the program worldwide.

November 25, 2014

Millennium Alliance partners including the Federation of Indian Chambers of Commerce and Industry (FICCI) jointly with the Technology Development Board (Department of Science and Technology, Government of India), United States Agency for International Development (USAID), UK’s Department for International Development (DFID), ICCO Cooperation, ICICI Foundation for Inclusive Growth and the Wadhwani Initiative for Sustainable Health (WISH), today participated in an awards ceremony to celebrate the winners of the Alliance’s second annual development innovation challenge.

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Last updated: June 30, 2015

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