Flag of India

Newsroom

(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.

June 16, 2014

U.S. Chargé d'Affaires, ad interim, Michael Pelletier, and Consul General in Kolkata, Ms. Helen LaFave, commended the important work our two countries are doing to help farmers in Bihar improve agriculture productivity and cope with climate stresses. On their visit today to one of the projects supported by the Cereal Systems Initiative for South Asia (CSISA) in Bihar, they underscored that the U.S.-India partnership is based on the joint commitment to improve agriculture productivity and climate resilience, and increase farm profits. 

May 12, 2014

The United States and India launched the program “Partnerships Beyond Borders” to promote HIV/AIDS best practices and innovations between Indian and African companies. 

April 8, 2014

 The United States,  through the U.S. Agency for International Development (USAID), is supporting recovery activities for vulnerable Cyclone Phailin-affected communities by providing $3.4 million to non-governmental organizations.

March 27, 2014

Today, the World Health Organization certifies the South-East Asia Region polio-free, marking another major milestone in the global fight against polio, and a significant step to protect all children against this debilitating, but preventable disease. Southeast Asia is the fourth WHO region to be certified polio-free, joining the Americas (1994), and the Western Pacific (2000) and European (2002) regions.

March 13, 2014

The United States and India launched a reading initiative to improve the reading skills of millions of primary school-aged children in India.  The READ (Read-Engage-Achieve-Dream) Alliance is a $3.2 million partnership between the U.S. Agency for International Development (USAID) and the Indian Center for Knowledge Societies (CKS).

Pages

Last updated: June 30, 2015

Share This Page